STANDARD and Poor's credit rating outlook on China has recently been adjusted from stable to positive, indicating a higher ranking of China's economy and a possible credit upgrading in one to three years.
The adjustment followed a review of the nation's credit rating when China International Trust & Investment Corp issued a 10-year Yankee bond in the US which amounted to US$150 million.
It is the company's policy that no issuer's rating can be higher than its sovereign's.
After the review, China's long-term and short-term foreign currency debt remain unchanged, staying at BBB and A2, respectively.
But the long-term debt outlook was revised from stable to positive.
''Political and economic developments are expected to help further the economic reform programme, which should improve policy-makers' ability to manage effectively future inflation and external payments pressures,'' the report on China said.
