S&P maintains Hong Kong's rating with negative outlookStaff Writer | August 23, 2016
S&P Global Ratings maintained the sovereign ratings of Hong Kong with negative outlook.
Asia Hong Kong three notches higher than its sovereign
The negative outlook on the long-term rating on Hong Kong mirrors that on the long-term rating on China, S&P said.
In the absence of a further strengthening of the independence of the Special Administrative Region's already resilient and effective institutions, S&P warned that it would lower the rating on Hong Kong by one notch if the rating on China is lowered.
In addition, S&P said it would lower the rating on Hong Kong without a downgrade of China, if Hong Kong's political polarization worsens to a point where it compromises policy making and the business environment.
S&P currently rates the Special Administrative Region three notches higher than its sovereign. ■