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Moody’s and S&P Global keep ‘Aa3’ and ‘AA+’ credit ratings for Hong Kong

Moody’s and S&P Global have maintained their “Aa3” and “AA+” credit ratings for Hong Kong, with the former upgrading the outlook from “negative” to “stable”. Their grades on Tuesday came after Fitch maintained its “AA-” credit rating and “stable” outlook for Hong Kong last week. Both Moody’s and S&P cited the city’s substantial fiscal buffers and foreign exchange reserves, strong external balance sheet and high per capita income levels. Moody also pointed to the resilience of the city’s economy...


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