Please call back later <a href=" http://www.jubileusul.org.br/nota/833 ">benoquin 20</a>  We downgraded China's Local-Currency Issuer Default Rating to 'A ' from 'AA-' in April, reflecting the growth of general government indebtedness - driven at the local government level - since 2008, and our concern over risks to China's financial stability because of continued rapid credit growth. The Outlooks on the LC IDR and on China's 'A ' Foreign Currency IDR, which is supported by the strength of the sovereign's foreign currency balance sheet, are Stable.