🏆China’s credit rating downgraded by S&P .
S&P cut China’s rating by one notch from AA- to A+, saying its debts had raised “economic and financial risks”.
The International Monetary Fund warned in August that China’s credit growth was on a “dangerous trajectory”.
S&P’s move puts its rating for China on a par with the two other major credit rating agencies, Moody’s and Fitch.
BBC News