Moody's: China's Ratings Outlook Raised to Positive

Moody's Investor Service has raised its ratings outlook for China to positive from stable, says The Wall Street Journal, adding that the upgrade for China was first by a major ratings agency.

 

The newspaper says that for further positive rating actions on China, the ratings agency would need to be reassured that the government's stimulus measures haven't hampered long-term growth prospects or given rise to destabilizing asset bubbles.

 

Moody's also lifted Hong Kong's credit outlook to positive from stable, while keeping the territory's credit rating at Aa2, says the Journal. Moody's currently has an A1 credit rating for China.

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