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Hong Kong 'Aa2' rating outlook stable - Moody's.
(From AFX Europe (Focus))
HONG KONG (XFN-ASIA) - Moody's said Hong Kong's "Aa2" government bond rating and stable outlook reflect Hong Kong's economic resiliency and government financial strength, with some susceptibility to event risk.
"Economic resiliency, despite the current downturn, is demonstrated by the very strong economy, with very high per capita income and competitiveness in a number of areas, including financial services and international trade," Moody's said.
It noted that Hong Kong is being affected by the global credit crisis, and the recession in Hong Kong is expected to last through the first half of 2009.
"Hong Kong has considerable ...
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