BRIEF-S&P Says China Ratings Affirmed At 'A+/A-1'; Outlook Remains Stable

BY Reuters | CORPORATE | 06/29/22 04:10 AM EDT

June 29 (Reuters) - S&P:

* S&P SAYS CHINA RATINGS AFFIRMED AT 'A+/A-1'; OUTLOOK REMAINS STABLE

* S&P SAYS EXPECT CHINA'S REAL GDP TO REBOUND 5.4% IN 2023, BEFORE MODERATING TO ABOUT 4.8% FROM 2023-2025

* S&P SAYS RATINGS ON CHINA REFLECT OUR VIEW OF THE GOVERNMENT'S REFORM AGENDA, AND THE COUNTRY'S ROBUST GROWTH PROSPECTS AND STRONG EXTERNAL METRICS Source text: [https://bit.ly/3NyE2jo]

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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