Moody’s Downgrades Hong Kong’s Rating to Aa2 From Aa1; Raises Outlook to Stable from Negative (Moody’s)
Moody’s Investors Service has downgraded Hong Kong’s local currency and foreign currency issuer ratings to Aa2 from Aa1 and changed the outlook to stable from negative. Hong Kong’s financial and institutional strengths support the stable outlook on Hong Kong’s rating. Large fiscal and external buffers and a strong track record of effective fiscal and economic policy provide ample flexibility to cushion the economy and financial system against negative shocks. READ MORE
Similar Posts:
- Moody’s Changes Macau’s Outlook to Stable From Negative (Moody’s)
- Moody’s Downgrades China’s But Changes Outlook to Stable From Negative (Moody’s)
- Korea & Taiwan Use Renminbi for Majority of Payments with China & Hong Kong (The Asset)
- Moody’s Downgrades Macao to Aa3 with Negative Outlook (Moody’s)
- Two Systems, Zero Trust? Hong Kong’s Extradition Row Risks Business Exodus (Nikkei Asian Review)
- Fund Manager Consensus: Hong Kong Needs China More Than Vice Versa (AsianInvestor)
- Investors Could Short Hong Kong to Hedge Long Shanghai Positions (BOCOM International)
- What Hong Kong Dollar Bond Exposure Means to Investors (The Asset)
- Hong Kong Tycoons Start Moving Assets Offshore as Fears Rise Over New Extradition Law (Reuters)
- Hong Kong Stocks Roar Into 2021 on Surge of Investment From China (Nikkei Asia)
- Asian Banks Are Nibbling the Lunches of Global Banks (CCTV)
- Podcast: Our Man in Hong Kong (Robeco)
- Russia’s Bourse to Start Trading HK Stocks (Asia Times)
- Hong Kong Security Law Sparks Race for Asia’s Next Financial Capital (Nikkei Asian Review)
- Occupy Central Protests Will Hurt These Hong Kong Stocks (SCMP)
Leave a Reply