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Saturday, Oct 31, 2020

Hong Kong leader Carrie Lam says she's 'very disappointed' by rating downgrade

Hong Kong leader Carrie Lam says she's 'very disappointed' by rating downgrade

Last week, Lam announced a $1.3 billion fiscal pledge, designed to kickstart Hong Kong’s muddling economy back into life.. On Tuesday, Moody’s ratings agency appeared to dismiss that plan by cutting the city’s rating by one level. Fellow ratings agency Fitch had already downgraded the city-state in September last year.
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