Moody’s downgrades Hong Kong rating outlook to negative
HONG KONG (Dec 7): Ratings agency Moody’s downgraded its outlook on Hong Kong’s credit rating to negative from stable on Wednesday, following a similar change for China the day before. The city’s economy was buoyed by China’s post-pandemic reopening but recovery has slowed in the second half of the year, with the government revising full-year [...]
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