July 4, 2019 / 10:34 AM / 5 months ago

Moody's affirms China's A1 ratings; maintains stable outlook

July 4 (Reuters) - Ratings agency Moody’s affirmed China’s rating at A1 with a stable outlook on Thursday, citing the country’s financial and policy means to contain any rise in its economy-wide leverage and mobilise resources to support its stressed public sector entities and maintain financial stability.

"... (China's) large fiscal and foreign exchange reserves and the government's control of parts of the economy and financial system lend effectiveness to measures aimed at stemming financial stability risks," Moody's said in a statement bit.ly/2JnmzLU.

Moody’s also said it expected China’s trade tensions with the United States to continue and oscillate between more or less intense phases.

Reporting by Philip George in Bengaluru Editing by Jacqueline Wong

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