# Moody’s downgrades China rating to A1 from Aa3, with stable outlook

> Moody's cut China's sovereign credit rating to A1 from Aa3 and set the outlook to stable from negative, citing slowing growth and rising debt. It was Moody's first downgrade of China since 1989 and it expects government debt to approach 40 percent of GDP by 2018.

- Date: 2017-05-24 · published 2017-05-24T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/71262-moody-s-downgrades-china-rating-to-a1-from-aa3-with-stable-outlook
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker Chinese growth outlook and more policy stimulus could reduce Chinese demand for raw materials, weighing on Australian export currencies and commodity prices.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2017/05/23/moodys-downgrades-china-rating-to-a1-from-aa3-with-stable-outlook.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.