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Fitch Revises China Outlook To Negative

CREDIT RATING

Fitch has revised China's long term issuer default rating outlook to negative. The current rating was maintained at A+.

  • Fitch noted the following, which prompted the shift in the outlook: "The revision reflects increasing risks to China’s public finance outlook as the country contends with more uncertain economic prospects amid a transition away from property-reliant growth to what the government views as a more sustainable growth model"
  • See this BBG link for more details.
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