2017/05/24 – Moody’s downgrades China’s credit rating – BBC News
Moody’s, one of the world’s big three ratings agencies, cut China by one notch to A1 from Aa3.
Moody’s said that the downgrade reflected expectations that China’s financial strength would “erode somewhat over the coming years, with the economy-wide debt continuing to rise as potential growth slows”.
The other two main credit rating agencies have so far left their evaluations unchanged.
Standard & Poor’s rating for China currently stands at AA- with a negative outlook, while Fitch’s rating is A+ with a stable outlook.