S&P downgrades China and Hong Kong
Following Standard & Poor’s sovereign downgrade of China yesterday to A+ from AA-, the ratings agency has also cut Hong Kong’s triple-A rating to AA+. The Hong Kong downgrade has surprised many analysts.
Following Standard & Poor’s sovereign downgrade of China yesterday to A+ from AA-, the ratings agency has also cut Hong Kong’s triple-A rating to AA+. The Hong Kong downgrade has surprised many analysts.