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Hong Kong hits back after Moody's downgrades long-term debt outlook to 'negative' over strong mainland ties

Hong Kong is a vibrant city
Hong Kong is a vibrant city Source: Flickr - Nagaraju Hanchanahal

Credit rating changes would lead to high interest and debt repayment for citys major infrastructure projectsHong Kongs credit rating could be cut, economic experts have warned, after Moodys downgraded the SARs outlook to negative.All eyes will be on whether the other big three rating agencies Standard & Poors and Fitch follow suit.


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By Aaron Wan

Source: SBS



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Credit rating changes would lead to high interest and debt repayment for citys major infrastructure projectsHong Kongs credit rating could be cut, economic experts have warned, after Moodys downgraded the SARs outlook to negative.All eyes will be on whether the other big three rating agencies Standard & Poors and Fitch follow suit.



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