Hong Kong ‘AA/A-1+’ Ratings Affirmed; Outlook Revised To Positive
Standard & Poor’s Ratings Services today affirmed its ‘AA/A-1+’ credit ratings on the Hong Kong Special Administrative Region (Hong Kong). The outlook was revised to positive from stable.
“The positive outlook on Hong Kong reflects our expectation that the government will maintain its fiscal balance by continuing to exercise discipline in restraining expenditure growth,” said Standard & Poor’s credit analyst Kim Eng Tan of the Sovereign Ratings group.
“Further improvements in China’s credit strength, coupled with the implementation of measures to increase the stability of Hong Kong’s public finances, would have a positive impact on the credit ratings on Hong Kong.”