Rating agency however moved its outlook on the city to stable from negative. FMTNews
HONG KONG: Credit rating agency Moody’s on Monday downgraded Hong Kong’s rating to “Aa3” from “Aa2”, saying its view on the strength in Hong Kong’s institutions and governance is “lower than previously estimated.
”“The absence of tangible plans to address either the political or economic and social concerns of the Hong Kong population that have come to the fore in the past nine months may reflect weaker inherent institutional capacity than Moody’s had previously assessed,” the agency said in a statement.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong protesters rally in parkHONG KONG: Hundreds of protesters in China-ruled Hong Kong gathered in a central park on Sunday to call for democratic reforms and denounce communism, as police stopped and searched people on nearby streets and in metro stations.
Read more »
Police fire tear gas to disperse thousands in central Hong KongSeveral units of police in riot gear were seen chasing protesters, several arrests were made. FMTNews Police
Read more »
Tear gas fired at thousands in central Hong KongHONG KONG: Police fired tear gas on Sunday to disperse thousands of anti-government protesters who gathered in a central Hong Kong park, but later spilled onto the streets in violation of police orders.
Read more »
People gather in central Hong Kong park for peace callHONG KONG: Hundreds of protesters in China-ruled Hong Kong gathered in a central park on Sunday to call for democratic reforms in a peaceful rally as police stopped and searched people on nearby streets and in metro stations.
Read more »
Two officers injured as peaceful rally ends in Violence: Hong Kong UpdateHONG KONG: Two Hong Kong police officers were beaten at a rally in the city centre that was dispersed as it descended into confusion and violent clashes.The officers, from the Police Community Liaison Office, the both suffered head wounds after being attacked with wooden sticks and other weapons.
Read more »
Hong Kong cops badly beaten by democracy protestersHONG KONG: Two police officers were beaten bloody by pro-democracy protesters in Hong Kong on Sunday as violence erupted at a rally calling for greater democratic freedoms in the heart of the city.
Read more »