Fitch downgrades Hong Kong

Fitch downgrades Hong Kong

Rating agency Fitch Ratings on Friday downgraded Hong Kong’s long-term foreign currency issuer default rating to ’AA’ from ’AA+’ following months of unrest in the city. The rating outlook is negative. Fitch said it expects Hong Kong’s financial buffers to remain intact, although it anticipates that the region’s revenue will underperform budget forecast.

Timothy
Timothy
Katharine
Katharine 5 months

I want my stuff back

Forester_
Forester_ 5 months

I misread it, pay no heed to the man behind the comment.

Miles O'Brien
Miles O'Brien 5 months

I never rated Hong Kong that high anyway.

FirstCensorshipThenJail
FirstCensorshipThenJail 5 months

Watch the currency: https://youtu.be/ZBl05xNq_AU https://youtu.be/qH5QzuzD01A https://youtu.be/uCrpSK5r9HY China needs American dollars to settle their trade debt.  Hong Kong is the clearinghouse.  It is unlikely the Hong Kong financial system will continue to help the Chinese Communist Party, when the communists are beating Hong Kong people. Communism only works until they run out of other people's money and people to mass murder.

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