BEIJING: Standard & Poor’s is likely to follow its regular ratings review schedule for China, and does not see any basis at this point for an out-of-schedule committee meeting, a senior director at the ratings agency told Reuters on Monday.
Moody’s Investors Service last week cut its sovereign ratings on China by a notch, putting them on par with those of Fitch Ratings.
That put S&P one step above the two agencies, holding an AA- rating with a negative outlook that it has maintained since March 2016.
“I don’t think there has been anything that could justify the calling of an out-of-schedule committee at this point in time, so we are likely to follow our regular review pattern,” Kim Eng Tan, S&P’s Asia-Pacific senior director of sovereign ratings, said in a phone interview.
Tan declined to say when the next regular review would be.
Published in Dawn, May 30th, 2017
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