Moody's Changes China's Credit Outlook to Stable

Moody’s Ratings revised on April 27, 2026, China’s sovereign credit rating outlook to ‘stable’ from ‘negative’ while affirming its ‘A1’ rating, citing expectations that economic and fiscal strength will remain resilient despite domestic, trade, and geopolitical challenges. The agency said export growth is likely to moderate but that the competitiveness and adaptability of Chinese exports should support only a gradual slowdown in GDP growth over the medium term. It also highlighted policy focus on investment in high-productivity sectors and better management of supply imbalances to improve capital efficiency, alongside expectations of a controlled approach to regional and local government debt resolution despite rising overall debt driven by ongoing policy support. Standard & Poor’s credit rating for China stands at A+ with stable outlook. DBRS’ credit rating for China was last reported at A with stable outlook.