The consequence of S&P downgrading has started to be triggered. On September 25th, S&P downgraded the credit rating of China Mobile, China National Petroleum Corporation, Sinopec and 21 other central enterprises and infrastructures entities with expectation remained stable. S&P stated that there is a high possibility that those enterprises mentioned received special aid from the Chinese Central Government, pegging their credit rating with the sovereignty credit rating. S&P stroke harder than Moody's and is more forceful.