DBRS Morningstar Downgrades China to “A”, Trend Changed to Stable

DBRS, Inc. (DBRS Morningstar) downgraded the People’s Republic of China’s (China) Long-Term Foreign and Local Currency – Issuer Ratings to “A” from A (high). At the same time, DBRS Morningstar downgraded China’s Short-Term Foreign and Local Currency – Issuer Ratings to R-1 (low) from R-1 (middle). The trends on all ratings have been changed from Negative to Stable.