An anti-government protester throws back a tear gas canister at the police during a demonstration near Central Government Complex in Hong Kong, China, September 15, 2019. REUTERS/Jorge Silva
HONG KONG: Moody’s Investors Service Inc. changed its outlook on Hong Kong’s Aa2 issuer rating to negative from stable on Monday, citing growing risk that protests will undermine the city’s attractiveness as a trade and financial hub.
The agency said the ongoing demonstrations could hurt government and policy effectiveness more than it had previously assessed, as well as damage Hong Kong’s credit fundamentals.
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