S&P affirms China ratings at AA-/A-1, Outlook remains Negative

Dhwani Mehta FXStreet

The US-based credit ratings agency, Standard & Poor’s (S&P) published its latest credit review on China, noting the following:

Affirms China ratings at AA-/A-1, Outlook remains Negative

Reforms to fiscal and monetary policy coupled with anti-corruption campaign should help support its sovereign credit worthiness

Reliance of credit-fuelled growth poses downside risk of hard landing for economy

Negative outlook reflects S&P view of gradually increasing economic, financial risks to govt's creditworthiness, could result in a down grade this year or next

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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