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  • 1 Post By shri

S&P Downgrades Hong Kong - No longer AAA

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  1. #1

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    S&P Downgrades Hong Kong - No longer AAA

    Looks like the assimilation is moving faster than expected... (yes, I know.. I know..)

    S&P Global Ratings cut Hong Kong’s credit rating a day after it downgraded China for the first time since 1999, a move that reflects the "strong institutional and political linkages" between the special administrative region and the mainland, the ratings firm said.
    "We are lowering the rating on Hong Kong to reflect potential spillover risks to the SAR should deleveraging in China prove to be more disruptive than we currently expect," S&P said in a statement, referring to the Hong Kong special administrative region.
    https://www.bloomberg.com/news/artic...hina-downgrade
    JaredHK likes this.

  2. #2

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    Is this way (almost) every stock on HK exchange is red today?


  3. #3

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    Quote Originally Posted by shri:
    Looks like the assimilation is moving faster than expected... (yes, I know.. I know..
    Hong Kong Gov relies heavily on debt.

    Hong Kong Real Estate Briefing

  4. #4

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    Original Post Deleted
    Very little sovereign debt. But the do rely heavily on debt financing to keep the coffers full.