Sat, Sep 07, 2019 - Page 10 News List

Fitch downgrades HK due to turmoil

CHALLENGES:Months of conflict have raised doubts about Hong Kong’s governance and stability, prompting the agency to lower its rating to ‘AA’ with a negative outlook


However, the “strong credit fundamentals could erode over time if weak economic performance persists and if fiscal flexibility and performance are structurally impaired,” they said.

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