S&P Affirms China at A+ With Stable Outlook, Growth Above 4%

S&P Global Ratings on Aug. 7 affirmed the People’s Republic of China’s long-term sovereign credit rating at A+ and the short-term rating at A-1, keeping the outlook at stable. The rating agency said the stable outlook reflects its view that China’s economy will return to self-sustaining growth of more than 4% annually over the next few years, supported by policy measures and fiscal flexibility. China’s Ministry of Finance welcomed the assessment, describing the economy as showing “strong energy and resilience” and saying it will adjust policy reserves in a timely manner to help maintain stable growth.