The outlook for Hong Kong’s credit rating was also cut to negative from stable even after Chief Executive Carrie Lam Cheng Yuet-ngor announced last week that the controversial extradition bill would be withdrawn. Photo: Sam Tsang

Hong Kong credit rating at risk of further downgrade if protests continue, Fitch warns

  • Continued anti-government protests could further tarnish the city’s business environment, rule of law and government institutions, warn the ratings agency
  • Last Friday, Fitch cut Hong Kong’s credit rating for the first time since 1995, trimming it by one notch to AA from AA+
Topic |   Hong Kong economy

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The outlook for Hong Kong’s credit rating was also cut to negative from stable even after Chief Executive Carrie Lam Cheng Yuet-ngor announced last week that the controversial extradition bill would be withdrawn. Photo: Sam Tsang
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