Fitch Downgrades China’s Credit Rating to ‘A’
Fitch downgrades China’s long-term foreign currency rating from ‘A+’ to ‘A’, citing weakening public finances and rising debt as key factors.
On Thursday, Fitch Ratings announced a downgrade of China’s long-term foreign currency rating from ‘A+’ to ‘A’. The agency cited concerns regarding the expected deterioration of public finances and the accelerating rise of national debt as the primary reasons for this reassessment. This downgrade is a significant indicator of China’s financial health and may impact investor confidence moving forward.
Fitch Ratings has lowered China’s credit rating, reflecting concerns over public finances and increasing debt levels. This move serves as a warning regarding the economic outlook and highlights potential challenges for investors in the Chinese market.
Original Source: www.tradingview.com
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