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(The Year 2012 In Review)
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|User Info||China Downgrades United States Credit; entered at 2010-11-11 04:48:53|
Registered: 2008-01-16 Peak Bund
china negative on us, us positive on china...|
Moody's Upgrades China Debt Rating
RTTNews) - International ratings agency Moody's on Thursday upgraded China's sovereign bond rating citing the country's robust economic performance and effective government policies.
The rating was raised to Aa3 from A1, with the outlook maintained as "positive."
Moody's praised China's response to the financial crisis and the efforts taken this year to cool runaway growth and protect financial stability.
"In particular, we premised our action on the ability of the Chinese authorities to protect systemic stability from the underlying threats arising from the extraordinary credit expansion evident in 2009," said Tom Byrne, a Moody's senior vice president.
by RTT Staff Writer
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