China Credit Rating

This page includes the government debt credit rating and outlook of China as reported by the credit rating agencies of S&P, Moody’s and Fitch. Credit rating agencies are often slow to respond to rising risk conditions. Sign up free to monitor China’s sovereign risk using MacroVar Advanced Financial & Macroeconomic data analytics.

DateRatingOutlookIndicator
14/09/2020A1StableChina Credit Rating (Moody's)
19/11/2019A+China Credit Rating (Fitch)
04/07/2019A1StableChina Credit Rating (Moody's)
04/12/2018A+China Credit Rating (Fitch)
20/03/2018A+StableChina Credit Rating (Fitch)
21/09/2017A+StableChina Credit Rating (S&P)
13/07/2017A+StableChina Credit Rating (Fitch)
24/05/2017A1StableChina Credit Rating (Moody's)
21/11/2016A+StableChina Credit Rating (Fitch)
22/07/2016A+StableChina Credit Rating (Fitch)

China Credit Rating Analysis

The credit rating signal from each credit rating agency for the sovereign debt of China and it’s meaning is presented in the table below.

S&PMoody’sFitchAnalysis
AAAAaaAAAPrime
AA+Aa1AA+High grade
AAAa2AA
AA-Aa3AA-
A+A1A+Upper medium grade
AA2A
A-A3A-
BBB+Baa1BBB+Lower medium grade
BBBBaa2BBB
BBB-Baa3BBB-
BB+Ba1BB+Non-investment grade
speculative
BBBa2BB
BB-Ba3BB-
B+B1B+Highly speculative
BB2B
B-B3B-
CCC+Caa1CCCExtremely speculative
CCCCaa2
CCC-Caa3In Default with small probability of recovery
CCCa
CC
D/DDDIn default

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