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Category :
world
Headline :
Moody's cuts China's credit outlook to negative
Date:
05/12/2023 13:37
On Tuesday, Moody's revised its assessment of China's government credit ratings, shifting the outlook from stable to negative.
The decision was influenced by expectations of reduced medium-term economic growth and the continued contraction of the property sector.
While Moody's maintained China's A1 long-term local and foreign-currency issuer ratings, it anticipates a 4.0% annual GDP growth for the country in both 2024 and 2025.
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