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HK Granted "AA" Long-term Foreign Currency Rating
Japan Credit Rating Agency (JCRA) has affirmed its "AA" long-term foreign currency rating for Hong Kong, a spokesman for the Financial Services Bureau of Hong Kong said Thursday.
The credit rating agency also rated Hong Kong's outlooks as stable, he said.
"We agree with JCRA that the ratings reflect Hong Kong's sound fiscal position, resilient financial sector and strong external position," the spokesman said.
"We are also pleased to note that JCRA has affirmed Hong Kong's strong capability of economic management and that Hong Kong continues to enjoy autonomy and transparency in its legal system, as well as maintain its role as an international financial center, " he said.
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