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.

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