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Monday, November 09, 2009
Moody's Raises China Outlook To Positive
By Chris Oliver
MarketWatch Pulse
HONG KONG -- Moody's Investors Service said Monday it has boosted China's sovereign ratings outlook to positive from stable, and said credit fundamentals are likely to continue to improve as the country emerges from the global recession. Moody's gave China high marks for its handling of the economic crisis. "The Chinese authorities are successfully steering the economy through the turbulence of the global financial crisis and recession, and furthermore, they seem likely to remain vigilant to protect systemic stability from future threats and challenges," said Tom Byrne, Moody's Senior Vice President. The action could lead to an upgrade for China's A1 foreign- and local-currency ratings.
Copyright © 2009 MarketWatch, Inc.
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