Credit rating stays despite slowdown
<p><span word="Download">Download</span></p><p><span word="A">A</span> <span word="major">major</span> <span word="international">international</span> <span word="agency">agency</span> <span word="maintained">maintained</span> <span word="its">its</span> <span word="positive">positive</span> <span word="outlook">outlook</span> <span word="on">on</span> <span word="China">China</span>'<span word="s">s</span> <span word="sovereign">sovereign</span> <span word="credit">credit</span> <span word="rating">rating</span> <span word="but">but</span> <span word="warned">warned</span> <span word="that">that</span> <span word="the">the</span> <span word="ongoing">ongoing</span> <span word="European">European</span> <span word="debt">debt</span> <span word="crisis">crisis</span> <span word="could">could</span> <span word="still">still</span> <span word="risk">risk</span> <span word="the">the</span> <span word="granting">granting</span> <span word="of">of</span> <span word="an">an</span> <span word="upgrade">upgrade</span>.</p><p><span word="Moody">Moody</span>'<span word="s">s</span> <span word="Investor">Investor</span> <span word="Service">Service</span> <span word="granted">granted</span> <span word="a">a</span> <span word="positive">positive</span> <span word="outlook">outlook</span> <span word="in">in</span> 2010 <span word="and">and</span> <span word="kept">kept</span> <span word="it">it</span> <span word="on">on</span> <span word="Monday">Monday</span>. <span word="Moody">Moody</span>'<span word="s">s</span> <span word="typically">typically</span> <span word="has">has</span> <span word="a">a</span> <span word="two">two</span>-<span word="year">year</span> <span word="time">time</span> <span word="frame">frame</span> <span word="for">for</span> <span word="making">making</span> <span word="a">a</span> <span word="ratings">ratings</span> <span word="move">move</span> <span word="after">after</span> <span word="issuing">issuing</span> <span word="an">an</span> <span word="outlook">outlook</span>.</p><p><span word="Moody">Moody</span>'<span word="s">s</span> <span word="said">said</span> <span word="its">its</span> <span word="outlook">outlook</span> <span word="reflected">reflected</span> <span word="China">China</span>'<span word="s">s</span> <span word="long">long</span>-<span word="term">term</span> <span word="fiscal">fiscal</span> <span word="and">and</span> <span word="growth">growth</span> <span word="trends">trends</span> <span word="that">that</span> <span word="were">were</span> "<span word="supportive">supportive</span>" <span word="of">of</span> <span word="a">a</span> <span word="higher">higher</span> <span word="rating">rating</span>.</p><p><span word="Cooling">Cooling</span> <span word="inflation">inflation</span> <span word="also">also</span> <span word="favors">favors</span> <span word="more">more</span> <span word="scope">scope</span> <span word="for">for</span> <span word="monetary">monetary</span> <span word="policies">policies</span> <span word="to">to</span> <span word="spur">spur</span> <span word="the">the</span> <span word="economy">economy</span>, <span word="said">said</span> <span word="Tom">Tom</span> <span word="Byrne">Byrne</span>, <span word="Moody">Moody</span>'<span word="s">s</span> <span word="senior">senior</span> <span word="vice">vice</span>-<span word="president">president</span> <span word="and">and</span> <span word="director">director</span> <span word="of">of</span> <span word="analysis">analysis</span> <span word="for">for</span> <span word="sovereign">sovereign</span> <span word="risk">risk</span> <span word="in">in</span> <span word="Asia">Asia</span> <span word="and">and</span> <span word="the">the</span> <span word="Middle">Middle</span> <span word="East">East</span>, <span word="on">on</span> <span word="Monday">Monday</span>.</p><p><span word="The">The</span> <span word="ratio">ratio</span> <span word="of">of</span> <span word="government">government</span> <span word="debt">debt</span> <span word="to">to</span> <span word="GDP">GDP</span> <span word="could">could</span> <span word="decline">decline</span> <span word="to">to</span> <span word="somewhere">somewhere</span> <span word="between">between</span> 30 <span word="to">to</span> 35 <span word="percent">percent</span> ,<span word="from">from</span> <span word="more">more</span> <span word="than">than</span> 40 <span word="percent">percent</span> <span word="at">at</span> <span word="present">present</span>, <span word="he">he</span> <span word="said">said</span>.</p><p><span word="Moody">Moody</span>'<span word="s">s</span> <span word="changed">changed</span> <span word="its">its</span> <span word="outlook">outlook</span> <span word="on">on</span> <span word="China">China</span>'<span word="s">s</span> <span word="sovereign">sovereign</span> <span word="credit">credit</span> <span word="rating">rating</span> <span word="of">of</span> <span word="A">A</span>1 <span word="to">to</span> <span word="positive">positive</span> <span word="in">in</span> <span word="November">November</span> 2009. <span word="One">One</span> <span word="year">year</span> <span word="later">later</span>, <span word="it">it</span> <span word="upgraded">upgraded</span> <span word="the">the</span> <span word="rating">rating</span> <span word="to">to</span> <span word="Aa">Aa</span>3 <span word="with">with</span> <span word="a">a</span> <span word="positive">positive</span> <span word="outlook">outlook</span>, <span word="the">the</span> <span word="fourth">fourth</span>-<span word="highest">highest</span> <span word="out">out</span> <span word="of">of</span> 10 <span word="investment">investment</span>-<span word="grade">grade</span> <span word="rankings">rankings</span>.</p><p><span word="It">It</span> <span word="is">is</span> <span word="the">the</span> <span word="only">only</span> <span word="one">one</span> <span word="of">of</span> <span word="the">the</span> <span word="three">three</span> <span word="biggest">biggest</span> <span word="credit">credit</span>-<span word="rating">rating</span> <span word="agencies">agencies</span> <span word="with">with</span> <span word="a">a</span> "<span word="positive">positive</span> <span word="outlook">outlook</span>", <span word="an">an</span> <span word="indication">indication</span> <span word="the">the</span> <span word="rating">rating</span> <span word="may">may</span> <span word="be">be</span> <span word="raised">raised</span>, <span word="according">according</span> <span word="to">to</span> <span word="Bloomberg">Bloomberg</span>.</p><p><span word="The">The</span> <span word="economy">economy</span>'<span word="s">s</span> <span word="fundamentals">fundamentals</span> <span word="provide">provide</span> <span word="the">the</span> <span word="basis">basis</span> <span word="for">for</span> <span word="sustained">sustained</span> <span word="and">and</span> <span word="strong">strong</span> <span word="growth">growth</span> <span word="and">and</span> <span word="prospects">prospects</span> <span word="are">are</span> <span word="good">good</span> <span word="for">for</span> <span word="further">further</span> <span word="improvement">improvement</span> <span word="in">in</span> <span word="its">its</span> <span word="credit">credit</span> <span word="profile">profile</span>, <span word="Byrne">Byrne</span> <span word="said">said</span>.</p>
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