September 30, 2019 / 8:47 AM / 2 months ago

Rating agency S&P Global affirms China's 'A+/A-1' ratings, stable outlook

Sept 30 (Reuters) - Rating firm S&P Global on Monday said it affirmed the ‘A+/A-1’ credit ratings on the People’s Republic Of China, stating that the country will maintain above-average gross domestic product (GDP) growth and improved fiscal performance.

The rating agency affirmed the stable outlook, saying that China will maintain above-average headline GDP growth and see improved fiscal performance over the next three to four years.

“The economy is also likely to face elevated uncertainties owing to U.S.-China tensions and ongoing efforts to restructure the economy and reduce financial risks,” the statement added.

Reporting by Mekhla Raina in Bengaluru; Editing by Bernard Orr

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