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3Novices:Hong Kong keeps S&P’s top ‘AAA’ rating despite Moody’s cut

Hong Kong’s economy has become more integrated with China’s over the past 20 years since the handover – but the city continues to be higher rated, at “AAA”, reflecting the views there are still traditions that are distinct to it and not mainland China, according to S&P Global Ratings.
Its top rating is in contrast with Moody’s which downgraded Hong Kong by one notch to Aa2 last month after it cut China’s sovereign credit to A1 from Aa3 reflecting…
June 19, 2017 at 05:02AM http://ift.tt/2thWlkU
#3Novices #News #OnlineMedia #China 3Novices China

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