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Politics 'a risk'
Political developments in Hong Kong could affect business confidence, international credit rating agency Moody's Investors Service said yesterday.
But it did not make any changes to its ratings or outlook for Hong Kong in its annual report because of the city's strong economy and debt-free government.
The long-term foreign currency ratings for Hong Kong's bonds and bank deposits stay at A1, the fifth-best investment grade. The ratings have a stable outlook.
The report's author, Steven Hess, said public dissatisfaction was growing over the pace of political reform and that could affect investor confidence and capital flows.
'Political divisions in Hong Kong appear to be widening,' he said.
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