S&P confirms China's AA- rating

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AP

On Tuesday Standard & Poor's rating agency confirmed its AA- credit rating for the world's second biggest economy preserving stable economic outlook. According to Standard & Poor's there is room for an upgrade if China restructures its debt capital market and allows more flexibility in exchange rate. Agency also warned China that its banking system may suffer if country's economy worsens.

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