(Reuters) – Global ratings agency Fitch on Thursday downgraded China’s long-term foreign currency rating to ‘A’ from ‘A+’, citing expectations of a continued weakening of public finances and rapidly rising debt. (Reporting by Aatrayee Chatterjee in Bengaluru; Editing by Leroy Leo)
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Fitch downgrades China’s rating to ‘A’
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(Reuters) – Global ratings agency Fitch on Thursday downgraded China’s long-term foreign currency rating to ‘A’ from ‘A+’, citing expectations of a continued weakening of public finances and rapidly rising debt.
(Reporting by Aatrayee Chatterjee in Bengaluru; Editing by Leroy Leo)