China, Hong Kong Debt Ratings May be Raised, Moody's Says, Citing Reforms

(Bloomberg) -- China's debt rating may be increased,
Moody's Investors Service said, citing the country's swelling
foreign-exchange reserves and success in strengthening its
banking system.

China's A2 long-term foreign-currency rating is under
review for possible upgrade, Moody's said in a statement in New
York today. The rating is the sixth highest of Moody's 10
investment-grade levels. Hong Kong's Aa3 rating is also being
reviewed for a possible upgrade, Moody's said.


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