The cadence of such news seems to be increasing.. or may be I have tol much time on my hands.
https://archive.is/9e9TuThey didn’t give us the reason . . . but everyone knows why,” said one China-based Moody’s employee, referring to the request to work from home. “We are afraid of government inspections.”
The staff member said Moody’s also advised analysts in Hong Kong to temporarily avoid travel to the Chinese mainland ahead of the cut. The agency on Tuesday lowered the outlook for China’s A1 long-term local and foreign-currency issuer rating to negative from stable.
Meanwhile HK feels smeared and requests Moodys to downgrade the world
[/QUOTE]Speaking on a radio program this morning, the top government official said Moody's credit downgrade of Hong Kong is unjust, calling it an act to defame the city. He believes the agency, led by the United States, is attempting to undermine mainland China's development through Hong Kong.
[B]Chan also questioned the reason for Moody's credit downgrade of the city, saying the agency should also downgrade the rating of the world as many other countries have close economic ties with China.