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Al Jazeera
Al Jazeera

Ratings agency Fitch lowers China’s sovereign credit outlook to negative

Fitch China Beijing Fitch Ratings Moody Standard Poor
Fitch Ratings is one of the 'big three' ratings agencies along with Moody's and Standard & Poor's [Reinhard Krause/Reuters]

Fitch Ratings has downgraded China’s sovereign credit outlook to negative, prompting pushback from Beijing.

The downgrade reflects “increasing risks to China’s public finance outlook” as the country attempts to move away from real estate-led growth, the New York-based ratings agency said on Wednesday.

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