Government of China  A1 stable: Update following change in forecast - Moody's Global Credit Research

Government of China A1 stable: Update following change in forecast

Government of China  A1 stable: Update following change in forecast - Moody's Global Credit Research
Government of China A1 stable: Update following change in forecast
Published Sep 28, 2021
9 pages (4633 words) — Published Sep 28, 2021
Price US$ 250.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

...The credit profile of China (A1 stable) is supported by very high economic and fiscal strength, and low external risk. Large savings and government support for the economy foster low financing cost. Risks stem from contingent liabilities at state-owned enterprises (SOEs) and regional and local governments (RLGs). The trade-offs between deleveraging and maintaining solid economic output and stable employment have become more stark given an ageing population, rising trade and geopolitical tensions, and the coronavirus shock....

  
Report Type:

Credit Opinion

Company:
Issuer
China, Government of
Format:
PDF Adobe Acrobat
Buy Now

Government of China:Policies have reduced leverage of most-indebted SOEs but additional progress will be more difficult - Issuer In-Depth – 2021/12/13 – US$ 750.00 – ...Government of China: Policies have reduced leverage of most-indebted SOEs but additional progress will be more difficult 2021 12 7 (...

Government of China: Policies have reduced leverage of most-indebted SOEs but additional progress will be more difficult - Issuer In-Depth – 2021/12/07 – US$ 750.00 – ...A key risk to China's (A1 stable) fiscal strength and its overall credit quality relates to the potential crystallisation of contingent liabilities...

Moody's assigns A1 rating to China's Euro-denominated bonds - Rating Action – 2021/11/05 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Moody's assigns A1 rating to China's US-dollar denominated bonds - Rating Action – 2021/10/18 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Government of China A1 stable:Update following change in forecast - Credit Opinion – 2021/09/29 – US$ 250.00 – 8 2021 9 29 -- A1/ MOODY'S INVESTORS SERVICE 1304924 1304611 ¬ 2021 (Moody's Corporation) (Moody's Investors Service, Inc.) Moody's Analytics, Inc./ ( "") ( "") ("") Moody's Analytics, Inc./ () (benchmark) "" (...

Government of China A1 stable:Regular update - Credit Opinion – 2021/09/24 – US$ 250.00 – 8 2021 9 24 -- A1/ MOODY'S INVESTORS SERVICE 1304232 1303395 ¬ 2021 (Moody's Corporation) (Moody's Investors Service, Inc.) Moody's Analytics, Inc./ ( "") ( "") ("") Moody's Analytics, Inc./ () (benchmark) "" (...

Government of China A1 stable: Regular update - Credit Opinion – 2021/09/23 – US$ 250.00 – ...The credit profile of China (A1 stable) is supported by very high economic and fiscal strength, and low external risk. Large savings and government support for the economy foster low financing cost. Risks stem from contingent liabilities at state-owned enterprises (SOEs) and regional and local governments (RLGs). The trade-offs between deleveraging and maintaining solid economic output and stable employment have become more stark given an ageing population, rising trade and geopolitical tensions, and the coronavirus shock....

Government of China - A1 stable: Annual credit analysis - Issuer In-Depth – 2021/09/21 – US$ 750.00 – ...The credit profile of China reflects strengths including its economy's vast size and robust average growth rate which support its high shock-absorption capacity. This has enabled its relatively solid, if uneven, recovery from the coronavirus pandemic. China's large domestic savings foster high debt affordability through low financing cost. However, the authorities' multiple policy goals -- constraining leverage, reducing financial sector risk, improving capital allocation and sustaining stable growth ¡ have become more difficult to achieve. The effectiveness with which policymakers strike this balance will be fundamental in shaping China's credit outlook. As the economic shock from the pandemic has eased, the authorities' have begun to shift the weight of policy from growth support toward deleveraging and risk reduction. While policymakers' commitment to goals including constraining leverage ¡ particularly at the central state-owned enterprise (SOE) and provincial level ¡ remains, our expectation...

More from Moody's Global Credit Research

Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

About the Author


Cite this Report

  
MLA:
Moody's Global Credit Research. "Government of China A1 stable: Update following change in forecast" Sep 28, 2021. Alacra Store. Mar 29, 2024. <http://www.alacrastore.com/moodys-credit-research/Government-of-China-A1-stable-Update-following-change-in-forecast-PBC_1304611>
  
APA:
Moody's Global Credit Research. (). Government of China A1 stable: Update following change in forecast Sep 28, 2021. New York, NY: Alacra Store. Retrieved Mar 29, 2024 from <http://www.alacrastore.com/moodys-credit-research/Government-of-China-A1-stable-Update-following-change-in-forecast-PBC_1304611>
  
US$ 250.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.