HONG KONG: Credit ratings giant Moody’s on Monday (Jan 20) downgraded the Hong Kong government’s financial rating, citing an "absence of tangible plans to address either the political or economic and social concerns of the Hong Kong population."
Though Moody’s lowered Hong Kong’s rating to Aa3 from Aa2, the agency also returned the city’s outlook to "stable," having downgraded it to "negative” in September.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!