China's credit rating cut to A+ by S&P over rising debt fears

China’s credit rating has been downgraded by Standard & Poor’s amid fears rising debts are adding to economic and financial risks. The agency lowered China’s sovereign rating by one notch to A+ from AA-, putting it in the same category as countries such as the US and Austria. This is the second downgrade from a major ratings agency for Beijing this year and comes at an awkward time before next month’s Communist party congress.
Read more: https://www.theguardian.com/business/2017/sep/21/sp-cuts-chinas-credit-rating-to-a-over-rising-debt-fears?source=Snapzu