HK hit with another downgrade as Moody’s slashes rating

Hong Kong island adobe stock 230x150
By Rashmi Kumar
21 Jan 2020

Hong Kong got a blow from Moody’s on Monday after the agency downgraded the special administrative region’s rating to Aa3 from Aa2, largely because of the lack of an effective response from the government to months of volatility. Rashmi Kumar reports.

Moody’s also changed Hong Kong’s outlook to stable from negative. The move comes a few months after Fitch cut the special administrative region’s rating to AA from AA+ with a negative outlook in early September 2019.

The changes follow about nine months of anti-government protests in ...

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