sovereign credit rating
Flitch Rating for China come out to be negative
| April 10, 2024, 5:41 a.m.
Fitch Revises China's Sovereign Credit Rating Outlook to Negative
Fitch Ratings has adjusted China's sovereign credit rating outlook from stable to negative, citing concerns about the country's fiscal outlook and its transition away from real estate-driven growth. Despite affirming China's long-term IDR rating at 'A+', Fitch highlights the challenges posed by widening fiscal deficits and rising government debt. The agency suggests that fiscal policy may play a crucial role in supporting growth but warns of the possibility of a downgrade over the medium term.
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