I was getting worried when yesterday's casualties slipped below 1,000.
“Moody’s Cuts China Credit Outlook to Negative on Rising Deb”
“China stepped up usage of fiscal stimulus to aid growth
Such move put downside risks to nation’s economy: Moody’s”
“Moody’s Investors Service cut its outlook for Chinese sovereign bonds to negative, underscoring deepening global concerns about the level of debt in the world’s second-largest economy.
Moody’s lowered its outlook to negative from stable while retaining a long-term rating of A1 on the nation’s sovereign bonds, according to a statement. China’s usage of fiscal stimulus to support local governments and state-owned companies is posing downside risks to the nation’s economy, the grader said.
The change in thinking comes as China’s deepening property rout triggers a shift toward fiscal stimulus, with the country ramping up its borrowing as a main measure to bolster its economy. That has raised concerns about the nation’s debt levels with Beijing on track for record bond issuance this year.”
The Su-24M was destroyed in the area of Zmiiny Island, which, under the cover of the Su-30SM fighter, tried to launch a missile-bomb attack on the south of Odesa.