Sept 14 (Reuters) - Rating agency Moody’s Investors Service on Monday reaffirmed its A1 long-term local and foreign currency rating on China, citing the strength of the country’s institutions and governance in mitigating credit risks.
"Over the longer term, China's credit strengths reduce the risks related to ongoing tensions between the U.S. and China, a reshaping of global supply chains and demographic pressure," Moody's said in a statement. (bit.ly/32sS95t)
The rating agency also maintained a “stable” outlook on China’s rating, saying the risks to the sovereign’s economic outlook and public sector’s balance sheet appear broadly balanced over next 12-18 months. (Reporting by Kanika Sikka in Bengaluru; Editing by Saumyadeb Chakrabarty)
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