ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Hong Kong protests

Fitch downgrades Hong Kong for first time in decades

Months of protests cast shadow over outlook

NEW YORK -- Fitch Ratings has downgraded Hong Kong, the latest sign that political instability and the city's gradual integration into mainland China are eroding global confidence in the financial hub.

The credit-rating agency lowered Hong Kong's long-term foreign-currency issuer default rating to AA from AA+ on Friday local time -- the city's first downgrade by Fitch since 1995, nearly two years before the handover to China. The outlook on the rating is negative.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more