Fitch cuts China credit rating on debt risks amid trade tensions

Published on: Thursday 03 April 2025

Global ratings agency Fitch on Thursday downgraded China's sovereign credit rating, citing rapidly rising government debt and risks to public finances, as policymakers gear up to shield the economy from rising U.S. tariffs. The downgrade came a day after President Donald Trump imposed sweeping tariffs on imports from U.S. trading partners, with China among the hardest hit, though Fitch said his move had not yet been incorporated into its forecasts. Fitch cut China's long-term foreign currency rating by one notch to "A" from "A+", one year after it downgraded its outlook on China's credit rating.

News source: https://finance.yahoo.com/news/fitch-cuts-china-credit-rating-135005080.html

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Fitch cuts China credit rating on debt risks amid trade tensions