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3Novices:Don’t worry about Hong Kong’s credit rating downgrade, finance chief says

Hong Kong’s finance minister said on Saturday that he disagreed with the lowering of the city’s credit rating by US rating agency Standard & Poor’s.
The comment by Secretary for Finance Paul Chan Mo-po came a day after the downgrade from AA+ to AAA, a move which is expected to raise financing costs for local businesses.
S & P said the rating cut for Hong Kong was related to its decision to downgrade China’s rating a day earlier.

Speaking after a public event,…
September 23, 2017 at 07:20PM http://ift.tt/2xmoyvM
#3Novices #News #OnlineMedia #China 3Novices China

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