Hong Kong’s long-term debt and issuer ratings were downgraded by Moody’s on Saturday from “stable” to “negative”. Risks to China’s economic stability and increasing political linkages weighing upon Hong Kong’s institutional strength were likely to undermine the city’s own financial outlook, the rating agency said. Last Wednesday, Moody’s downgraded its outlook on China’s rising government … Continue reading Financial Sec. defends economy after Moody’s downgrades HK debt-outlook to ‘negative’