Fitch Downgrades China’s Rating To ‘A’, Outlook Stable
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 … Read more