From Newsmax:

Hedge fund manager James Chanos, who has been a long-time skeptic on the Chinese growth story, is sticking with his gloomy view of ratings agencies Moody's and Standard and Poor's, saying their rosy outlook on China's debt only bolsters his bearish bet.

The famed short-seller said he's puzzled by the readiness of S&P, a division of McGraw-Hill Cos., to downgrade the sovereign debt of countries like the United States and much of Europe while continuing to give a nod of approval to China and its banks.

"The rating agencies are getting…"

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More from Jim Chanos:

Jim Chanos: "We're not bearish enough on China"

Master short-seller Chanos: Chinese banks are on the verge of collapse

Must-read: Master short-seller Jim Chanos' presentation from yesterday's Value Investing Congress