Hong Kong's Credit Ratings Affirmed as Global Agencies Recognize Resilience
China's Hong Kong Special Administrative Region (HKSAR) has received a vote of confidence from leading international credit rating agencies, with Fitch, S&P, and Moody's affirming its stable outlook despite global economic headwinds. The agencies highlighted Hong Kong's robust fiscal reserves, strong foreign exchange position, and high per capita income as key strengths.
Agencies Signal Confidence in Financial Hub
Moody's upgraded Hong Kong's outlook from 'negative' to 'stable,' citing the region's ability to navigate global trade tensions and slower growth. S&P and Fitch maintained their AA+ and Aa3 ratings, emphasizing the city's substantial financial buffers. Chinese Foreign Ministry spokesperson Lin Jian described the ratings as a testament to Hong Kong's role as an international financial center, bolstered by China's high-quality development strategy.
Officials Emphasize Growth Momentum
Financial Secretary Paul Chan Mo-po noted the ratings reflect confidence in Hong Kong's economic framework, particularly its success in attracting international capital. 'Our financial market continues to thrive, demonstrating resilience and long-term potential,' Chan stated. Analysts suggest the ratings could reassure investors eyeing Asia's markets amid shifting global dynamics.
