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Hong Kong protests

Moody's cuts Hong Kong's rating to 'Aa3' as protests continue

Outlook moved to stable from negative

Anti-government protesters attend a rally to call for democratic reforms in Hong Kong, China Jan.19.   © Reuters

Moody's downgraded Hong Kong's credit rating to "Aa3" from "Aa2" on Monday, saying its view on the strength in the Chinese-ruled city's institutions and governance is "lower than previously estimated."

The agency, however, moved its outlook to stable from negative.

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