Discuss historical evolution and look for reasons

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As discussed in the class the bond rating is a very important indicator of the risk of the investment. Many governments issue fixed income assets (bonds) to be able to finance the government spending adding this income to the taxes collected. All the countries need to have a rating to attract the investors. What is the rating of China has it changed over time and why? Please discuss this historical evolution and look for reasons for the changes in the ratings. Just presenting a current rating is not enough.

Reference no: EM133049044

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