Fitch has downgraded one of Asia’s major financial hubs after months of violence and protests, stating that Hong Kong’s rating outlook is currently negative. The global credit rating agency issued its statement on Friday, slashing Hong Kong’s long-term foreign currency issuer default rating from ‘AA+’ to ‘AA.’ Fitch said that public discontent within the financial hub is likely to persist despite steps taken by authorities to make peace with protesters. Also on rt.com Hong Kong police turn to water cannon as protesters hurl petrol bombs & bricks (PHOTO, VIDEO)
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