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Prospect News home > News index > List of issuers H > Headlines for Hong Kong > News item |
S&P lowers Hong Kong’s long-term rating to AA+
S&P said it lowered its long-term issuer credit rating on Hong Kong (Special Administrative Region) to AA+ from AAA. The outlook is stable.
At the same time, S&P affirmed the A-1+ short-term issuer credit rating on Hong Kong. The transfer and convertibility assessment remains AAA.
S&P said the downgrade reflects the lowering of the sovereign credit ratings on the People's Republic of China (A+/stable/A-1).
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