Fitch downgrades China’s sovereign debt over spending and tariffs

China’s sovereign debt rating downgraded

The NewsFitch downgraded China’s sovereign debt rating, warning of huge debt and worsening public finances.The lowering of Beijing’s foreign currency rating from A+ to A was based on forecasts made before US President Donald Trump’s “Liberation Day” tariffs, but Fitch noted that China was vulnerable to a broader global slowdown as a result of increased protectionism. Though some economists are growing more optimistic about the country’s growth p…

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Fitch downgrades China’s sovereign debt over spending and tariffs

Beijing denounces ‘biased’ move by rating agency, insisting country’s economic foundations are stable

Fitch cuts China rating on weakening finances, debt concerns

China’s Ministry of Finance reacted strongly, describing the decision to downgrade from “A+” to “A” as biased and not reflective of reality.

Financial rating agency Fitch downgraded China's sovereign rating by one notch on Thursday, citing expectations of a continued deterioration in public finances and a rapid rise in debt, Reuters reports.

Fitch Downgrades China's Rating To 'A', Outlook Stable

Global ratings agency Fitch downgraded China's long-term foreign-currency issuer default rating from 'A+' to 'A' on Thursday, noting weakening finances and debt concerns. "The downgrade reflects our expectations of a continued weakening of China's public finances and a rapidly rising public debt trajectory during the country's economic transition," Fitch said in a statement. It added that China's rating outlook was stable.  While the ratings dow…