International rating Agency Standard & Poor’s (s&P) downgraded the national credit rating of China from “AA-” to “A+” with a stable Outlook. This is evidenced by information posted on the Agency’s website on Thursday, September 21.
“The stable Outlook indicates that we expect sustainable economic development in China in the next 3-4 years. Real GDP growth per capita will remain at a level above four percent per year, even as the decline of public investment”, — stated in the materials S&P.
The report also notes that Standard & Poor’s will raise the rating of China, if the level of lending in the country will slow down. The downgrade could follow if the Chinese authorities would weaken the fight against financial risk and will allow us to grow lending in order to accelerate the economy.
Earlier, in March 2016, S&P affirmed the long-term rating of people’s Republic of China ‘ AA -‘, but revised the Outlook from stable to negative.