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( As on 05/12/2023 13:37)

Moody's cuts China's credit outlook to negative

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.