Gov’t rejects Standard & Poor’s reason for downgrading city’s credit outlook

The Hong Kong government has said it disagrees with the decision of Standard & Poor’s to downgrade Hong Kong’s sovereign credit outlook from stable to negative. The rating service company said on Thursday that Hong Kong’s close economic and financial linkage with China contributed to the negative assessment,  as economic imbalances continue to plague the mainland. Standard … Continue reading Gov’t rejects Standard & Poor’s reason for downgrading city’s credit outlook