Moody’s cuts China outlook to ‘negative’ – cites reform, fiscal risks

The benchmark iTraxx index ITAIG5Y=MG was 2.5bps lower art 152-154 bps. (Reporting by Brenda Goh in Shanghai and Rishika Sadam in Bengaluru; Additional Reporting by John Ruwitch, Nathaniel Taplin, Michelle Price and Umesh Desai; Editing by Eric Meijer)

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