Moody’s Downgrades China And HK, As Debt Continues To Rise Across Asia

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Mark Melin
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May 25, 2017 update by Rupert on the big moody’s china downgrade It’s not just China that’s had to cope with a debt downgrade this week, Hong Kong has also seen its credit rating downgraded by ratings agency Moody’s. Shortly after downgrading China, Moody’s Investors Service has downgraded Hong Kong’s local currency and foreign currency issuer ratings to Aa2 from Aa1. The agency also shifted the outlook on the region’s debt from stable from negative. Local currency bond and deposit ceilings remain at Aaa. According to a report from analysts at Credit Suisse, Moody’s action to downgrade Hong Kong reflects…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.