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Moody's downgrades Hong Kong debt, citing government 'inertia'
January 20, 2020 | By Al Jazeera English
business
The ratings agency said ongoing unrest in Hong Kong suggests 'weaker institutional capacity' than it previously thought.
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Moody's downgraded Hong Kong's credit rating one notch to "Aa3" from "Aa2" on Monday, saying its view on the strength in the Chinese-ruled city's institutions and governance was "lower than previously estimated." The agency cited a degree of "inertia" charac
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