Economic news
S&P: No changes to China credit rating, outlook
2023.12.05 23:16
© Reuters. Tourists relax on the waterfront in front of Victoria Harbour, with the iconic skyline buildings as a backdrop, in Hong Kong, China June 28, 2023. REUTERS/Tyrone Siu/File Photo
SINGAPORE (Reuters) – Ratings agency S&P Global Ratings said on Wednesday there have been no changes in its ratings on China, a day after its peer Moody’s (NYSE:) downgraded its outlook on the country’s credit rating to “negative”.
“We last affirmed our A+ long term ratings on China in June with stable outlook and there has been no changes to that yet,” said S&P in an emailed response to queries from Reuters.
The firm currently has an A+ rating for China sovereign with a ‘stable’ outlook.
