China Has $23 Billion in Debt That Could Be Cut to Junk

Updated on
  • S&P has downgraded 15 Chinese issuers this year, upgraded one
  • `Fallen angels are a major risk for investors this year:' ANZ

Is China Running Out of Ammunition to Intervene?

Investors need to watch out for so-called fallen angels from China as a slowing economy prompts debt rating companies to cut more investment-grade issuers to junk.

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