From Bloomberg News:
China may earn a higher credit rating from Moody’s Investors Service after repaying international debt, boosting reserves and bailing out banks.
Moody’s today raised the outlook for the A2 rating on China’s long-term foreign-currency bonds to positive from stable, it said in a statement. The rating, last raised in October 2003, ranks one level below Greece, one rung above South Korea and three above Russia.[Full Text]