CHINA ECONOMY Moody’s cut China’s credit outl
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Posted On: 12/05/2023 5:43:39 AM
CHINA ECONOMY
Moody’s cut China’s credit outlook to negative on rising debt risks
Moody’s downgraded its outlook on China’s government credit ratings to negative from stable.
Moody’s expects Beijing’s support and possible bailouts for distressed local governments and state-owned enterprises to diminish China’s fiscal, economic and institutional strength.
The ratings agency retained China’s “A1” long-term rating on the country’s sovereign bonds.
Moody’s cut China’s credit outlook to negative on rising debt risks
Moody’s downgraded its outlook on China’s government credit ratings to negative from stable.
Moody’s expects Beijing’s support and possible bailouts for distressed local governments and state-owned enterprises to diminish China’s fiscal, economic and institutional strength.
The ratings agency retained China’s “A1” long-term rating on the country’s sovereign bonds.
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