Mexican Media Brands
Moody’s Cut China Outlook to “Negative”
Moody’s Investors Service affirms its Aa3 debt rating for China but lowered its outlook for the country from “stable” to “negative.”
The investment rating service also warns that a downgrade is possible if China fails to move faster on economic reforms.
#economics
Share
Moody’s Investors Service affirms its Aa3 debt rating for China but lowered its outlook for the country from “stable” to “negative.”
The investment rating service also warns that a downgrade is possible if China fails to move faster on economic reforms. Without them, Moody’s says, the country’s growth will slow more significantly, and government debt will rise “more sharply than we currently expect.”
Uncertainty over China’s growth has roiled the global economy for months. Christine Lagarde, who heads the International Monetary Fund, has described the country’s list of needed structural reforms as “overwhelming.”
Last week Finance Minister Lou Jiwei assured a G20 meeting of financial ministers that China’s central government is in control as it slows the country’s growth to a sustainable pace. The head of the central bank added that the direction of reform is clear and won’t change, but he says the pace will vary.
RELATED CONTENT
-
All About the 2018 Honda Accord
The common wisdom seems to be that midsize cars have pretty much had it in the U.S. new car market.
-
Is The V8 Dead?
Tougher fuel economy standards may be the end of most V8s.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.