Zero Hedge: Moody's July 4 Bomb: Rating Agency Finds 10% Of Chinese GDP Is Bad Debt

Moody's July 4 Bomb: Rating Agency Finds 10% Of Chinese GDP Is Bad Debt, Claims "China Debt Problem Bigger Than Stated"

The timing on the earlier pronouncement that rating agencies may have found religion could not have been better. Not even an hour later, here comes Moody's with a blockbuster which may put China's "White Knight" status, at least as Europe is concerned, in grave danger.

https://www.zerohedge.com/article/moodys-july-4-bomb-rater-finds-10-chin...

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