Fitch Cuts Hong Kong Credit Rating, Citing Protests

Fitch Cuts Hong Kong Credit Rating, Citing Protests
Students hold a placard reads "Freedom" as they form human chain outside a school in Hong Kong, China on Sept. 6, 2019. Kin Cheung/AP
The Associated Press
Updated:

HONG KONG—The ratings agency Fitch on Sept. 6 cut Hong Kong’s credit rating and warned that conflict with anti-government protesters was hurting the image of its business climate.

Events in the Chinese territory have “inflicted long-lasting damage” to Hong Kong’s image and “called into question the stability and dynamism of its business environment,” Fitch Ratings said in a statement.