29.05.201703:45:00UTC+00S&P Chief Says Likely to Follow Scheduled Rating Review for China

Standard & Poor's may possibly follow its periodic ratings review for China, with the firm's senior director saying there is no point of reference for holding a meeting outside the schedule.

S&P's Asia-Pacific Senior Director Kim Eng Tan said they see no necessity to have a special panel at this point; hence, they will likely stick to their regular timetable. He refused to divulge the next schedule of their next assessment.

The ratings agency has retained an AA- rating on China since March 2016, one rating higher than the scores of other agencies.

Previously, Moody's slashed the Asian country's sovereign credit ratings by one level to A1, saying it is anticipating its financial stability to crumble in succeeding years as debt continues to increase and growth degenerates.

On Friday, Fitch kept the A+ rating on the nation for its formidable macroeconomic record. But it noted a corresponding accretion of imbalances and susceptibilities.