Fitch downgrades Hong Kong after months of protests


Posted at Sep 06 2019 12:39 PM

General view of the city of Hong Kong is seen through a window of the Observation Wheel, Hong Kong, China September 5, 2019. Amr Abdallah Dalsh, Reuters

HONG KONG - Global credit rating agency Fitch Ratings downgraded Hong Kong's long-term foreign currency issuer default rating to "AA" from "AA+" after months of unrest and protests in the region.

Hong Kong's rating outlook is negative, Fitch Ratings said on Friday.

Increasingly violent protests have roiled the Asian financial hub as thousands chafe at a perceived erosion of freedoms and autonomy under Chinese rule.