S&P Global maintains its credit rating for China at ‘A+/A-’
The ratings agency said it may upgrade if credit growth slows further, but would downgrade if China slows down on stemming financial risk
30 September 2019 - 12:20
Bengaluru — Rating firm S&P Global affirmed China’s “A+/A-1” credit ratings on Monday, saying the country would maintain above-average GDP growth and improved fiscal performance over the next three to four years.
The rating agency kept the country’s outlook stable and said it did not expect US-China relations to normalise in the foreseeable future, which likely means Chinese exports and manufacturing sector investment could see little growth over the next few years...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.