Economy News
A+ and stable: S&P retains China rating despite Covid crisis

Notwithstanding the Covid-19 pandemic, global rating agency Standard & Poor’s on Monday affirmed China’s long-term sovereign credit rating at ‘A+’ , while retaining ‘stable’ outlook for the country. “China is likely to maintain above-average economic growth performance relative to other middle-income economies in the next few years. However, growth is likely to come under the pressure of uncertainties over the Covid-19 pandemic, US-China tensions, and ongoing efforts to restructure the economy and reduce financial risks,” S&P said in a statement.

News Source:- https://www.financialexpress.com/economy/a-and-stable-sp-retains-china-rating-despite-covid-crisis/2007893/