DBRS Morningstar Downgrades China to “A”, Trend Changed to Stable

Summary

DBRS, Inc. (DBRS Morningstar) downgraded the People’s Republic of China’s (China) Long-Term Foreign and Local Currency – Issuer Ratings to “A” from A (high). At the same time, DBRS Morningstar downgraded China’s Short-Term Foreign and Local Currency – Issuer Ratings to R-1 (low) from R-1 (middle). The trends on all ratings have been changed from Negative to Stable.

Available Documents

DBRS Morningstar Downgrades China to “A”, Trend Changed to Stable

Nov 09, 2023

Sovereigns

Ratings

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
09-Nov-23	Long-Term Foreign Currency - Issuer Rating	A	Stb	Downgraded, Trend Change	US
09-Nov-23	Long-Term Local Currency - Issuer Rating	A	Stb	Downgraded, Trend Change	US
09-Nov-23	Short-Term Foreign Currency - Issuer Rating	R-1 (low)	Stb	Downgraded, Trend Change	US
09-Nov-23	Short-Term Local Currency - Issuer Rating	R-1 (low)	Stb	Downgraded, Trend Change	US

More

China, People's Republic of

Long-Term Foreign Currency - Issuer Rating

Date Issued:Nov 9, 2023
Rating Action:Downgraded, Trend Change
Ratings:A
Trend:Stb
Rating Recovery:
Issued:US

Long-Term Local Currency - Issuer Rating

Date Issued:Nov 9, 2023
Rating Action:Downgraded, Trend Change
Ratings:A
Trend:Stb
Rating Recovery:
Issued:US

Short-Term Foreign Currency - Issuer Rating

Date Issued:Nov 9, 2023
Rating Action:Downgraded, Trend Change
Ratings:R-1 (low)
Trend:Stb
Rating Recovery:
Issued:US

Short-Term Local Currency - Issuer Rating

Date Issued:Nov 9, 2023
Rating Action:Downgraded, Trend Change
Ratings:R-1 (low)
Trend:Stb
Rating Recovery:
Issued:US

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DBRS Morningstar Downgrades China to “A”, Trend Changed to Stable

Summary

Available Documents