© Reuters. Vacationers loosen up on the waterfront in entrance of Victoria Harbour, with the long-lasting skyline buildings as a backdrop, in Hong Kong, China June 28, 2023. REUTERS/Tyrone Siu/File Picture
SINGAPORE (Reuters) – Scores company S&P World Scores stated on Wednesday there have been no adjustments in its rankings on China, a day after its peer Moody’s (NYSE:) downgraded its outlook on the nation’s credit standing to “negative”.
“We last affirmed our A+ long term ratings on China in June with stable outlook and there has been no changes to that yet,” stated S&P in an emailed response to queries from Reuters.
The agency at present has an A+ ranking for China sovereign with a ‘secure’ outlook.