A resin composition including an aromatic polyester resin and having high levels of hydrolysis resistance and moldability is provided. The resin composition includes an aromatic polyester resin having a terminal carboxyl group content of not more than 30 eq/ton (component A), a cyclic carbodiimide compound having at least two carbodiimide rings, each having only one carbodiimide group (component B), and a polyvalent hydroxyl group-containing compound having a hydroxyl value of not less than 200 (component C).