Posted inBusiness, Hong Kong

Standard & Poor’s downgrades Hong Kong sovereign credit outlook to negative

The rating service company Standard & Poor’s has downgraded Hong Kong’s sovereign credit outlook from “stable” to “negative”. The action came after the company downgraded China’s outlook on Thursday, also from stable to negative. “Our outlook revision on Hong Kong reflects our similar action on the People’s Republic of China on March 31, 2016, which reflected economic […]