Fitch Revises China's Sovereign Credit Rating Outlook to Negative

📆 4/10/2024 5:08 AM
📰 CNBC

⏱ Reading Time:
8 sec. here
8 min. at publisher
📊 Quality Score:
News: 28%
Publisher: 72%

Economy News

Fitch,China,Sovereign Credit Rating

Ratings agency Fitch has revised its outlook on China's sovereign credit rating to negative, citing risks to public finances and uncertainty in the country's shift to new growth models. Fitch forecasts a rise in the general government deficit and a slowdown in economic growth.

Ratings agency Fitch revised its outlook on China's sovereign credit rating to negative on Tuesday, citing risks to public finances as the economy faced increasing uncertainty in its shift to new growth models.

While it lowered its outlook, indicating a downgrade is possible over the medium term, the agency affirmed China's IDR rating at "A+."

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fitch revises outlook on China to ‘Negative’; affirms rating at 'A+'In its latest economic assessment of the Chinese economy, Fitch Ratings revised China’s outlook to ‘Negative’ while affirming its sovereign credit rating at ‘A+’.
Source: FXStreetNews - 🏆 14. / 72 Read more »