S&P downgrade Hong Kong credit rating

Standard and Poors rating downgrade for Hong Kong

To AA+

• from AAA

Outlook is now 'stable'

• from Negative

SnP cite spillover risks from China, the strong links between the two (institutional/political)

They said 'stable'. Snigger.

--

Yesterday from the same mob:

• S&P lowers China's rating to "A+/A-1", Outlook stable