Moody’s downgraded the credit rating of China from Aa3 to A1

© AFP 2017 / STRНациональная the currency of China — yuan. Archival photoMoody’s downgraded the credit rating of China from Aa3 to A1© AFP 2017 / STR

International rating Agency Moody’s downgraded the rating of China in the national currency and foreign currency to A1 from Aa3 and changed the Outlook thereon to stable from negative, according to a statement on the Agency’s website.

It is reported that this decision reflects the expectation of Moody’s that in the coming years, the financial ability of China to decline slightly, and the total debt in the economy will continue to increase with the slowdown of growth.

«The stable Outlook reflects our assessment that the rating level A1 the risks are balanced,» — said the Agency.

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