(Source: DAGONG Global Credit Rating Co Ltd) Dagong Global Credit Rating Co., Ltd. In 2015, marked by the interest rate hike of the U.S. Federal Reserve, the sovereign credit risks of heavily-indebted advanced economies will shift from concentrated outbreaks to a new incubation period. However, the Federal Reserve's tentative rise in interest rate will not change the ultra-loose monetary environment maintained by heavily-indebted advanced countries and regions including Europe, the U.S. and Japan. This causes confusion in the global valuation system, rampant financial speculation, the inflation of asset price bubbles, and the rise of external debt risks worldwide. The heavily-indebted...
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