Moody's downgrades China's credit outlook to negative
Business & Economy
December 05, 2023, 15:37
Moody’s has also affirmed China’s A1 long-term local and foreign-currency issuer ratings
MOSCOW, December 5. /TASS/. Moody’s rating agency has downgraded its outlook on China’s government credit ratings to negative from stable, according to a statement on its website.
"Outlook change reflects increased risks in China related to structurally, persistently lower medium-term economic growth," the agency said.
Moody’s has also affirmed China’s A1 long-term local and foreign-currency issuer ratings.