Ken Fischer Talks China as Moody’s Ups Default Estimates

July 5, 2011

  • Ken Fischer :
    • ” People were tripping over themselves to get into Chinese equities and now, they’re starting to get scared,” adding that “accounting is always a concern” in China. bloomberg
  • Moody’s:
    • “Mainland lenders may hold more problem loans on their books than had been anticipated.”
    • Chinese auditor could be underestimating local government bad loans. Moody’s said local government loans are $540 billlion higher than expected, while non-performing loans may be higher than a “base case” estimate of 5 percent to 8 percent, and closer to the “stress case” scenario of 10 percent to 18 percent, the ratings company estimated following an assessment of the new data. Bloomberg

Further Reading :

Related Posts Plugin for WordPress, Blogger...

Popularity: 1% [?]


Previous post:

Next post: