China's Hidden Debt Raises Alarms, Risks Further Downgrades
- China's hidden debt spurs warnings of more Moody's downgrades
- Concerns over debt levels of government financing vehicles, banks, and Hong Kong/Macao
- Highlights mounting hidden debt amid protracted property slump
- Follows Moody's downgrade of China's sovereign credit rating outlook
- Reflects growing concern over local governments' ability to deal with debt