Ratings agency Standard & Poor’s (S&P) revised China’s rating outlook lower from stable to negative.
This is the second downward revision/forecast from S&P in last 24 hours. Standard and Poor’s (S&P) slashed its growth forecasts for the Eurozone yesterday, saying that low growth and weak inflation looks set to stalk the continent for the foreseeable future.
(Market News Provided by FXstreet)