On this Day in Chinese History; 16 May

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This day, 16 May, in 1997, Standard & Poor’s, the American financial credit rating company, announced that it would raise its China’s credit rating of bond issuers and priority unsecured debt from BBB to BBB+, and would change its assessment of China’s economic development prospects as from “improving” to “stable”.

1997年5月16日的这一天,美国金融信用评级公司标准普尔宣布,它将将其中国债券发行人和优先无担保债务的信用评级从BBB提高到BBB+,并将对中国经济发展前景的评估从“改善”改为“稳定”。

Visiting Nanjing