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Fitch affirms China's A+ rating with stable outlook

Reuters  |  BEIJING 

BEIJING (Reuters) - Fitch Ratings on Friday maintained its A+ rating on China with a stable outlook, citing the strength of the country's external finances and macroeconomic record.Short-term growth prospects remain favourable, and economic policies have been effective in responding to an array of domestic and external pressures in the past year, Fitch said.In a Reuters poll of 65 economists, China's economic growth is expected to reach 6.6 percent this year, topping the government's target of around 6.5 percent.But large and rising debt levels across the non-financial sector, combined with ...

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First Published: Fri, July 14 2017. 06:47 IST