The Sun Daily
BEIJING: Global ratings agency Fitch downgraded China’s long-term foreign-currency issuer default rating from ‘A+’ to ‘A’ on Thursday, noting weakening finances and debt concerns.“The downgrade reflects our expectations of a continued weakening of China’s public finances and a rapidly rising public debt trajectory during the country’s economic transition,“ Fitch said in a statement.It added that China’s rating outlook was stable.While the ratings downgrade came as the United States imposed its latest round of sweeping global tariffs…
Read More
Fitch downgrades China’s rating to ‘A’, outlook stable
Becki Schroeder
22:19
BEIJING: Global ratings agency Fitch downgraded China’s long-term foreign-currency issuer default rating from ‘A+’ to ‘A’ on Thursday, noting weakening finances and debt concerns.“The downgrade reflects our expectations of a continued weakening of China’s public finances and a rapidly rising public debt trajectory during the country’s economic transition,“ Fitch said in a statement.It added that
