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Rating agency S&P Global affirms China’s ‘A+/A-1’ ratings, stable outlook
If it wins the 2022 Winter Games this week, Beijing will become the first city to host the summer and winter Olympics. u00e2u20acu201d AFP pic

NEW YORK, Sept 30 — Rating firm S&P Global today 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

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"The economy is also likely to face elevated uncertainties owing to US-China tensions and ongoing efforts to restructure the economy and reduce financial risks,” the statement added. — Reuters

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