AsianFin -- China's Ministry of Finance on Thursday said that S&P Global Ratings' latest report affirming a positive rating and stable outlook on China showed the rating agency's recognition of the country's economic resilience and prospects.

S&P Global Ratings on Thursday maintained an "A+" rating and "stable" outlook for China's sovereign credit.

Commenting on the rating agency's decision, the ministry said in a statement that the report shows high recognition of the resilience of China's economic growth and the effectiveness of its debt management, reflecting the agency's confidence in its positive outlook on China's economy.