J.P Morgan EM FX index closes at lowest level since January 2016… China set for record defaults, and downgrades

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China Set for Record Defaults, and Downgrades

Dagong has reported 13 credit-rating downgrades compared with 10 upgrades so far this year, the highest such ratio on record, according to Bloomberg-compiled data. Results from Dagong peers such as China Chengxin International Credit Rating Co. and China Lianhe Credit Rating Co. show similar trends.

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