HK bonds carry on after Fitch downgrade

Hong Kong Ship - resized
By Addison Gong
09 Sep 2019

Dollar bond investors have shrugged off Fitch’s downgrade to the foreign currency rating of Hong Kong SAR, with local issuers also gearing up for new deals.

There was limited impact on dollar bond spreads from Hong Kong benchmark names after Fitch’s controversial move to axe Hong Kong’s rating to AA from AA+ with a negative outlook last Friday afternoon.

The move was the agency’s first downgrade of Hong Kong in 24 years. It ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial