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Fallen angels incoming as US$23b of China bonds near junk

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INVESTORS need to watch out for so-called fallen angels from China as a slowing economy prompts debt-rating companies to cut more investment-grade issuers to junk.

Hong Kong

INVESTORS need to watch out for so-called fallen angels from China as a slowing economy prompts debt-rating companies to cut more investment-grade issuers to junk.

Standard & Poor's (S&P) has downgraded 15 Chinese companies this year and upgraded one, the worst

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