September 21: Credit Risk - Sovereign Advisers Issues Downgrade Alert on PRC Bonds
Location: Beijing
Author:
Date: Tuesday, September 21, 2004
Sovereign Advisers has issued a Downgrade Alert for Long-Term Debt of the People's Republic of China (PRC) to Sub-Investment Grade status due to past defaults by the Chinese Government on sovereign debt issues and the continuing refusal of the China’s government to honor payment of defaulted external bond issues.
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