Moody’s rating downgrade a major blow to Hong Kong
Moody's Investors Agency described China's response to demands for greater political freedoms — and high living costs — as ‘notably slow, tentative and inconclusive’
20 January 2020 - 17:44
Hong Kong — Hong Kong’s reputation as a global business hub was dealt a new blow on Monday after Moody’s Investors Agency downgraded a key rating, blaming a lack of government response to months of popular protests and China’s increased influence over the city’s institutions.
The rating downgrade is a major blow to Hong Kong’s pro-Beijing leader Carrie Lam, who has struggled to end more than seven months of huge and often violent pro-democracy protests...
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