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![Moody's downgrades China's bad banks](https://img.etimg.com/thumb/msid-106998251,width-100,height-75,resizemode-4/news/international/world-news/moodys-downgrades-chinas-bad-banks.jpg)
Moody's downgrades China's bad banks
Moody's action is the latest alarm sounded over the property sector ills' spillover across the economy, despite Beijing's pledges for support policies. It also resembles a sector-wide downgrade by Fitch Ratings earlier this year.
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