The ratings agency downgraded the country from double A plus to double A - its 2nd downgrade in two years. France's Finance Minister called the report "inaccurate" and said French debt remains safe.
One of three Chinese ratings agencies, Dagong Global Credit Rating, has been suspended from doing business in bond markets following an investigation that revealed "chaotic" management and false credit ratings.
Emerging market economies and their currencies have come under severe stress in recent weeks, as rising US interest rates and trade fears prompt investors worldwide to shun their assets and move money to the US.
In 2017, Singapore recorded its highest-ever number of suicides among people aged over 60. DW spoke with a suicide prevention specialist about what is causing this alarming trend and how the community is taking action.
Kenya owes more to China than it does to Western lenders, the traditional source of loans to Africa. As Beijing throws open its credit line to Africa, analysts warn of the risk of a double-debt stranglehold.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version