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The rating agency S & P lowered the PRC’s ratings for the first time in 18 years

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The rating agency S & P lowered the PRC’s ratings for the first time in 18 years
September 22
09:00 2017

The American company Standard & Poor’s, engaged in research and analysis of financial markets, has corrected the rating of China. At the moment, the long-term ratings of the Celestial Empire are equal to “A +”. Prior to this, China has been the carrier of the “AA-” rating since 1999.

Standard & Poor’s has welcomed the projections for the upgraded ratings as “stable.”

Short-term ratings of China were also corrected. They have been reduced to “A-1”, the previous value is “A-1 +”.

The company S & P has prepared a press release, which discloses the reason for the change in ratings. The analysts of the rating agency believe that the risks in China have increased significantly, primarily due to the rapid increase in the volume of loans.

As in many other cases, the increase in the lending growth had negative consequences as well as a lot of positive ones. In particular, due to this fact, there was an impressive GDP growth; an increase in the value of the Chinese assets was also noted.

The representatives of the rating agency believe that China will be able to maintain similar rates of the economic growth over the next three – four years.

According to preliminary estimates, in the coming years the GDP growth will not fall below 4% (per capita).

It is possible that official Beijing will not stop the growth of loans in order to motivate the economic growth. In this case, the risks will increase and the rating will be revised downwards.

The material was prepared with the participation of Andrey Majorov,
a leading analyst of the brokerage company CT Trade

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