S&P affirms China; flags risk to growth from coronavirus, tensions with U.S.
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(Reuters) - Credit rating agency S&P Global Ratings on Monday affirmed China's sovereign credit ratings at 'A+/A-1' with a stable outlook, amid the ongoing coronavirus outbreak.S&P said China is likely to maintain above-average economic growth relative to other middle-income economies in the next few years.However, it said that the growth is likely to come under pressure from the coronavirus outbreak, efforts to restructure the Chinese economy and U.S.-China tensions. The agency noted..