Moody’s downgrades Hong Kong opinion to ‘negative’

Ratings group Moody’s downgraded a opinion for Hong Kong Saturday, citing augmenting domestic riskiness and closer mercantile ties with China, that is confronting a expansion slowdown.

Moody’s altered Hong Kong’s opinion from “stable” to “negative” as a semi-autonomous city continues to tilt from domestic confusion following mass pro-democracy protests in 2014 .

Moody’s news also pronounced risk in China’s economy and financial fortitude could also criticise a city’s mercantile outlook.

Moody’s also downgraded China’s opinion from “stable” to “negative” progressing this month.

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