HONG KONG—Moody’s downgraded Hong Kong’s credit rating on Monday, slashing its assessment on the Asian financial center and blaming the government’s failure to deal with seven months of social unrest that has driven the economy into recession.
The firm cut its main rating on Hong Kong by one notch to Aa3 from Aa2, saying the downgrade reflects concerns over the city’s institutions, governance strength and “more significant constraints” on the territory’s autonomy from mainland China.
Brand_HK HK has a world class work force. A level of reserve to be admired by economies around the world. Just a shame that we have shameless leaders and administration. Spending taxpayers money on propaganda and gimmicks instead. They are deadweight and liabilities to Hongkong.
FT SPGMarketIntel Reuters business MSCI_Inc tariqahmadbt HKSAR under Carrie Lam just habitually denied any criticism. Be it from Amnesty Int'l, Human Rights Watch, Fitch, Moody's, HK Watch, professional bodies, etc. Sanctions and universal suffrage is urgently needed.
Yes, political unrest is a quantifiable risk to business. Take note business Trump supporters who love his political chaos management style.
Did the government set the fire?
No, they should downgrade china for being an oppressive regime
👀
This is why HK is downgraded
'Lex iniusta non est lex' is a standard legal maxim. St. Augustine
emmmmmm
Serious!
PoliceBrutalityHK HongKongProtests 5DemandsNot1Less
What can Moody's do
What a shocker.
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Clashes cut short Hong Kong protestClashes broke out between protesters and police in Hong Kong, cutting short a rally calling for electoral reforms and a boycott of the Chinese Communist Party Trump is in the middle of signing an agreement with China; his response to this situation will be ... Silence Today's rally is to call for universal sanction on CCP & Hong Kong Gov't by MagnitskyAct as they violate human rights and freedom. Then this peaceful rally is cancelled by HKP and tear gas is fired towards protesters. Sigh😔 Free world, plz join us to BoycottChina. AntiCCP That’s what the Democrats want to accomplish!
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