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Laos Credit Downgrade Signals ‘Real’ Default Risk As China Looms

25/09/202025/09/2020 J&C Admin 215 Viewscredit rating Laos, Fitch Rating Laos, Foreign currency reserves Laos, Gross Domestic Product (GDP) Laos

Fitch Ratings has downgraded Laos’ rating to “CCC” from “B-,” meaning that the Southeast Asian nation faces “substantial credit risk” and that default is a “real possibility,”