Hong Kong receivables credit downgraded by one step. Protests continued, January 21 5:58
Following the ongoing public protests in Hong Kong that have opposed the government, Moody's, a leading rating agency, has lowered its credit rating on Hong Kong debt by one level.
Since June of last year in Hong Kong, police and young people have collided with protests by citizens in opposition to the government, and protests have continued throughout the day since then.
In response, Moody's, a major rating agency, announced today that it has lowered its credit rating for Hong Kong receivables by one level from Aa2 to the fourth from the top, to Aa3. Did.
The outlook is “stable”.
Moody's says the government and the legislature have not been able to respond effectively to the public's concerns that have led to a series of protests.
On top of that, the limited self-government guaranteed by the `` one country, two system '' and the fact that democrats who are critical of the government won the victory in the parliamentary election last November. , It was not clearly stated how to respond in the future.
The Hong Kong government commented, "This evaluation is unacceptable and I am deeply disappointed with the downgrade decision."