The Trader 

Market Outlook: Moody’s cuts Hong Kong’s rating by a notch

The Trader

The Financial Times reports that today credit rating agency Moody’s has cut the rating of Hong Kong from Aa2 to Aa3 after months of street protests over the island’s independence. ‘’The response by Hong Kong’s government to both political demands by parts of the population and broader concerns about living standards, housing costs and equality of economic opportunities has been notably slow, tentative and inconclusive.’’ Yesterday China’s National Health Commission confirmed the first case of human-to-human coronavirus, and that staff at Wuhan’s main hospital had caught the virus.

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