Fitch keeps Hong Kong’s ‘AA-’ credit rating, as government touts fiscal strength

Fitch keeps Hong Kong’s ‘AA-’ credit rating, as government touts fiscal strength

Ratings agency warns over impact of US-China trade war on GDP and worsening balance sheet, but maintains ‘stable’ outlook.

Hong Kong's strong credit fundamentals recognized: HKSAR gov't

In response to the report from Fitch on maintaining Hong Kong’s “AA-“credit rating and “stable” outlook, a spokesperson for China’s Hong Kong Special Administrative Region (HKSAR) government said that Hong Kong’s strong credit fundamentals were recognized. Hong Kong’s strong credit fundamentals include large fiscal buffers, robust external finances, and a low level of fiscal debt. It also pointed out that Hong Kong’s banking sector is resilient,…