Print Edition - 2018-09-22  |  Money Digest

S&P maintains China’s ‘A+/A-1’ credit rating


Sep 22, 2018-

S&P Global Ratings on Friday maintained its ‘A+/A-1’ rating on the People’s Republic Of China, citing the government’s reform agenda, growth prospects and strong external metrics. The outlook on China is ‘stable’, S&P said, which reflects the rating agency’s view that the country would maintain its gross domestic product (GDP) growth and improved fiscal performance in the next three to four years. “Policy changes have helped to rein in credit growth and reduce the reliance of economic growth on public investment. If these trends continue, risks to Chinese economic and financial stability could moderate,” S&P said in a statement. It may raise its rating on China if credit growth slows significantly. (REUTERS)

Published: 22-09-2018 08:48

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