The operation of Moody's Ratings' conspicuous bag directly makes *** a cliff-like**.
According to China Economic Net, on December 5, Moody's Ratings, a well-known bond rating agency located in Manhattan, New York, USA, released the latest sovereign credit rating results for China, maintaining China's A1 rating, but adjusting the rating outlook from "stable" to negative.
Of course, the company has also given its own reasons: China's financial support for fiscally strapped local state-owned enterprises and state-owned enterprises could weaken China's fiscal strength and policy effectiveness.
As soon as this news was reported, one stone stirred up a thousand waves, went viral on the Internet, and after fermentation, dominated the hot search list of major platforms, causing an uproar, netizens were not calm in an instant, and left messages in the comment area accusing Moody's Ratings of not giving due consideration and attention to the internal logic and essence of China's debt treatment mechanism, risk prevention system and macroeconomic policy practice, resulting in a serious deviation between the rating results and the actual situation.
In my personal opinion, Moody's Ratings is simply repeating its own mistakes from six years ago.
On May 24, 2017, Moody's Ratings downgraded China's credit rating from AA3 to A1, but changed the rating outlook from "negative" to "stable".
As soon as the rating report of Moody's Ratings came out, China's Ministry of Finance urgently answered reporters' questions and refuted the negative reasons given by the company one by one.
But to put it bluntly, I don't think this is necessary at all, we will ignore the refutation, and directly raise its grade a lot, forcing it to be full, which will only fuel its arrogance and become more unstoppable.
It is estimated that some netizens will be very puzzled, according to the normal situation, only if the owner finds you and pays you a large sum of money, you will spend energy to issue a rating report. So why is Moody's Ratings willing to give countries "free" ratings?
In fact, it is very easy to understand that Moody's Ratings is here for hype and to brush up on its presence. So it chose the strongest countries in the world, as long as the other party lowered its stature to respond to itself, it will naturally rise and become famous all over the world.
Therefore, Moody's Ratings has provoked not only China, but also the United States.
Back in early November, Moody's Ratings announced that it had downgraded the outlook for the U.S. sovereign credit rating from "stable" to "negative." Of course, it also gives its own reasons:
Downside risks to US fiscal strength have increased and may no longer be fully offset by the unique credit strength. Against the backdrop of higher interest rates, the U.S. fiscal deficit is expected to remain very large, significantly weakening debt sustainability without an effective fiscal policy to reduce** spending or increase revenues. The ongoing political polarization within the U.S. Congress raises the risk of not being able to reach consensus on slowing the descent of affordability (the plan needed).
The credit rating outlook of the world's largest economy and the second economy has been downgraded from "stable" to "negative", and it has to be said that the existence of Moody's Ratings has made those tens of millions of fans who are good at hyping up and pretending to be X have to give a thumbs up.
As one of the world's leading bond rating agencies, Moody's Ratings is a famous tree, and its assessment is naturally blindly believed by a large number of fans.
As soon as the report of the non-bond rating agency came out, many people listened to the wind and rain, and closed their eyes to the rhythm, which directly led to yesterday's ** looking at the wind and moving for thousands of miles.
Even if Moody's Ratings is right, it seems to me to be just nonsense, knowing that it is always much easier to pick a thorn than to solve a problem with a down-to-earth approach.
Even Moody's Ratings itself has said that it is very challenging to design a policy that can not only continue to effectively solve the debt of local financing platforms, but also minimize financial risks and maintain *** deleveraging and de-risking.
Moody's Ratings knows that we are doing something very challenging, and in order to establish its supremacy as an internationally renowned rating agency, it still does not hesitate to give a "negative" credit rating outlook.
In fact, now that the global economy is in a recession, the economy of every country is under unprecedented pressure, and the people at the bottom have experienced the huge pressure brought by high inflation. Of course, there are internal and external factors that cause all this, so I won't describe them in detail here.
We just need to understand that Moody's Ratings is afraid that the world will not be chaotic, and it is impossible to brush up its presence in such a low-cost way, and it is impossible to help the poor or help the poor.
By releasing negative news, combined with crazy money printing, crazy interest rate hikes, and ** wars, science and technology wars, and geopolitical contradictions, Moody's Ratings Co., Ltd. cooperated with capital to short or **, and unscrupulously harvested leeks.
Do you understand?