HONG KONG: 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 ... ( read original story ...)
S&P’s Hong Kong credit downgrade to raise financing costs, say analysts
But Geicke said he was “totally surprised” that Hong Kong was downgraded as the city is sitting on a huge financial reserve. The Chinese Ministry of Finance said in a statement posted on its website Friday that S&P’s downgrade on China was a “wrong ... ( read original story ...)
China online insurer ZhongAn prices Hong Kong IPO at top end, raises $1.5 billion – IFR
ZhongAn Online Property & Casualty Insurance Co 6060.HK> priced its IPO at the top of an indicated range, raising $1.5 billion(1.10 billion pounds) in Hong Kong's biggest ever financial technology stock offering, IFR reported on Friday. China's first ... ( read original story ...)
S&P cuts Hong Kong’s credit rating because of China’s soaring debt
The financial hub’s long-term issuer credit rating was lowered to AA+ from AAA, S&P said Anthony Wallace/AFP 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 ... ( read original story ...)
The Latest: S&P cuts Hong Kong rating after cutting China’s
S&P said Friday that it was reducing its long-term rating on Hong Kong by one notch, to AA+ from AAA, reflecting potential spillover risks to the Asian financial center. It said Hong Kong has a good economic outlook, sizable fiscal reserves and credible ... ( read original story ...)
S&P downgrades China, says rising debt is stoking economic, financial risks
Its impact on financial markets would very limited," said Ken Cheung, senior Asian FX strategist at Mizuho Bank in Hong Kong. "For those invested in yuan-denominated bonds, they care more about yuan expectations. The downgrade decision is likely to have ... ( read original story ...)
S&P lowers Hong Kong credit rating following China cut
Standard & Poor's on Friday slashed Hong Kong's top-notch credit rating ... said a "prolonged period of strong credit growth has increased China's economic financial risks", and downgraded the world's number-two economy from AA-minus to A-plus -- its ... ( read original story ...)