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Moody's Cuts China's Rating For First Time Since 1989

NPR
Published May 24, 2017 at 1:33 PM EDT

Moody’s Investors Services cut China’s credit rating for the first time since 1989 this week, changing its outlook from stable to negative.

Here & Now‘s Jeremy Hobson speaks with CNN’s Maggie Lake (@maggielake) about what’s behind the decision.

Copyright 2021 NPR. To see more, visit https://www.npr.org.