Posted inChina, Hong Kong

Moody’s downgrades HK over poor governance

Moody’s Investors Service has downgraded the credit rating of Hong Kong to Aa3 from Aa2, citing reduced strength of its institutions and governance. The outlook was revised to stable from negative. Hong Kong’s seven-month-long protests were triggered by a now-abandoned proposal to allow extraditions to the authoritarian mainland, where the opaque legal system answers to […]

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