# China Downgrade Trims Stocks, Yuan as Moody's Cautions on Growth and Debt - TheStreet

> Chinese stocks and the yuan fell after Moody's cut China's credit rating by one notch to A1 from Aa3, the first downgrade in nearly 30 years. Moody's kept a stable outlook, but it warned that debt will keep rising as potential growth slows. The Shanghai Composite closed little changed, and 10-year bond yields rose to near a two-year high of 3.68 percent.

- Date: 2017-05-24 · published 2017-05-24T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/10568-china-downgrade-trims-stocks-yuan-as-moody-s-cautions-on-growth-and-debt
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Rising debt and slower growth expectations in China can dampen demand for imported feed ingredients over time. The immediate effect on feed prices is limited because the market reaction was modest.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-12-05 | [Moody's puts China on downgrade warning as growth, property pressures mount \| Reuters](https://feedsoft.ai/events/32926-moody-s-puts-china-on-downgrade-warning-as-growth-property-pressures-mount.md) | +0.5% | +0.1% |
| USDCNY | 2023-01-10 | [Morgan Stanley bumps up China growth, stocks and yuan forecasts](https://feedsoft.ai/events/37988-morgan-stanley-bumps-up-china-growth-stocks-and-yuan-forecasts.md) | +0.0% | +0.3% |
| USDCNY | 2023-12-11 | [Yuan and equity markets fall on Moody’s Ratings downgrade](https://feedsoft.ai/events/6457-yuan-and-equity-markets-fall-on-moody-s-ratings-downgrade.md) | -0.7% | +0.0% |
| USDCNY | 2017-05-24 | [Aussie dollar, offshore yuan dip after Moody's downgrades China](https://feedsoft.ai/events/10564-aussie-dollar-offshore-yuan-dip-after-moody-s-downgrades-china.md) | -1.1% | -0.9% |
| USDCNY | 2025-05-01 | [China Engineers Orderly Yuan Drop as Trade War Threatens Growth](https://feedsoft.ai/events/25351-china-engineers-orderly-yuan-drop-as-trade-war-threatens-growth.md) | -0.6% | -1.2% |

## Sources

- thestreet.com: https://www.thestreet.com/markets/china-downgrade-trims-stocks-yuan-as-moody-s-cautions-on-growth-and-debt-14148023

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.