Fitch Ratings downgrades Hong Kong to AA

PHILIP FONG / AFP

Fitch Ratings has downgraded Hong Kong’s long-term foreign currency issuer default rating.

The global credit rating agency has reduced the Asian financial hub's standing from AA+ to  AA. 

It comes after more than three months of unrest in the city. 

In a statement,  Fitch Ratings said Hong Kong’s rating outlook is "negative." 

More from Business News

On Virgin Radio today

  • Non Stop Hits

    Midnight - 6:00am

    The UAE's #1 Hit Music Station with no interruptions

  • The Kris Fade Show

    6:00am - 10:00am

    Kris, Priti and Rossi host the UAE's biggest radio show. It's full of fun, laughs and it's Where The Stars Live.