SP Affirms China Rating at A Plus
SP affirmed China sovereign credit rating at A plus with a stable outlook on expectations of steady economic growth. The agency cited ongoing fiscal support and resilient manufacturing despite domestic demand weakness.
Insights:
China will maintain economic growth above 4% over the next two years, S&P Global Ratings said Friday afternoon in affirming the nation's A+ sovereign credit rating. The stable outlook reflects expectations that Beijing will deploy larger fiscal support to sustain momentum. Growth projections align with resilience in manufacturing and supply chains despite external trade frictions with the United States and geopolitical fallout from the conflict involving Iran .
