China 's Dagong Global Credit Rating Co with their latest thoughts 26 May
- AA+ on sovereign debt in local ccy
- AAA n foreign ccy terms
- China's economic downside risks controllable
- central, local gvt debt in reasonable range
Chinese ratings agency making positive noised on its own country. "Reasonable range " a well trawled mantra from govt too.
Funny that.
Meanwhile USDJPY below 111.00 again at 110.95. USDCHF holding 0.9700 for the moment. Let's see if the SNB have any interest here. Seems to have been some support down here this week.
