Posted inHong Kong

Standard & Poor’s slashes Hong Kong’s top-notch credit rating following China cut

Standard & Poor’s on Friday slashed Hong Kong’s top-notch credit rating, a day after lowering China’s, warning of potential spillover risks the mainland’s ballooning debt pile. S&P, which said the semi-autonomous city had “very strong institutional and political linkages” with China, slashed its rating to AA-plus from the highest AAA. The moves followed Moody’s decision to downgrade China and […]