Rating company Hong Kong bonds changed to “weak” September 16 22:33
In response to prolonged protests in Hong Kong and ongoing political instability, major rating agency Moody's will lower its rating outlook for its credit quality in Hong Kong in the future from “stable” It has been changed to “Weak” with the possibility of
In Hong Kong, public protests continued after announcing the withdrawal of the ordinance amendment that would allow suspects to be handed over to mainland China. Confusion continues.
In response to this situation, Moody's, a major rating agency, said the rating outlook on the credit quality of Hong Kong bonds on the 16th was “weak” that could be lowered in the future from “stable” so far. Changed to
For this reason, Moody's points out that, as protests continue, the administrative function of Hong Kong has declined, and the risk of weakening credit as a trade and financial hub has increased.
As for Hong Kong, major rating company Fitch Ratings has lowered its rating on foreign currency bonds in Hong Kong by one step on the 6th of this month, and its role as a financial center in Asia continues as political unrest continues. There is concern about the decline.