Fitch of the International Credit Rating Agency confirmed that Hong Kong credit rating and outlook have remained unchanged.
Comprehensive Ming Dao Xingdao Daily reported that Fitch announced the report on Friday (April 12) to confirm that Hong Kong's long-term foreign currency issuer's breach of breach of breach of contract was maintained at the fourth highest "AA-", and the rating outlook remained in the viewing prospects."Stability" is not affected by the previous outlook of credit rating in mainland China.
Fitch explanation, although the Hong Kong economy and mainland China economy are very high, the Hong Kong government has ample fiscal buffer, coupled with the per capita income and external financing capabilities of Hong Kong.Compared with the rated areas, Hong Kong's public and external fiscal conditions are in good condition, so it maintains Hong Kong's credit rating and outlook.
Due to the increase in China's public fiscal risks, Fitch will look down on Tuesday (9th) to reduce China's sovereign credit rating, which is lowered from "stability" to "negative".The Chinese Ministry of Finance regrets it.Fitch also maintains China's credit rating in "A+".
This is a sovereign credit rating in the international credit rating agency after Moody's.In December last year, Moody's outlook for the Chinese government's credit rating was "stable" to "negative".
