China Gets Rating Boost

China Gets Rating Boost

Asia

Good credit rating news from China gives a boost to LatAm bulls who see trade linkages with Asia – particularly commodity demand – supporting the region through a downturn in the US and Europe. S&P raised China to A+ (stable) from A, motivated by an improving fiscal and external position. "These improvements to the government balance sheet will offer greater resilience to deal with the shocks of a potential sharp economic downturn," says S&P analyst Kim Eng Tan. The agency also notes China’s str

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