Moody's Investors Service has downgraded China's credit rating to A1 from Aa3, changing its outlook to stable from negative.
Moody's downgraded China's rating to A1 from Aa3 and changed its outlook to stable from negative.
Moody's said China's economy-wide debt levels were expected to increase further in the years ahead, with reforms only likely to slow the growth rate.
It estimated the government debt burden would rise toward 40 percent of GDP by 2018.
China's finance ministry didn't agree with the move.
