Moody’s Downgrades Hong Kong for ‘Inertia’ Over Protests

Caixin Global | Jan 21, 2020 at 2:24 PM
  • Moody’s Investors Service lowered Hong Kong’s rating as a long-term issuer of debt by one notch on Monday.
  • The Hong Kong government strongly disagreed with Moody’s assessment and was “deeply disappointed” by the decision to downgrade.
  • Fitch Ratings downgraded it in September to AA from AA+ with a negative outlook.