Moody's Downgrades Hong Kong's Credit Outlook Over Perceived Eroding Autonomy
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Moody's downgraded Hong Kong's credit outlook from stable to negative, citing closer economic ties with mainland China and erosion of autonomy under national security law
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Hong Kong government disagreed with downgrade, said national security law restored stability and that Moody's made "unfounded comments" on autonomy
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Moody's said institutional and political changes like national security law and electoral reforms reduced Hong Kong's autonomy
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Downgrade reflects Moody's view of close political, economic and financial links between Hong Kong and mainland
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Economists said downgrade could be politically motivated but serves as sign the world is monitoring Hong Kong closely