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Fitch cuts Hong Kong’s sovereign rating for first time since handover, forecasts 0% GDP growth this year

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Global credit ratings agency Fitch cut Hong Kong's sovereign rating from “AA+” to “AA” with a negative outlook citing months of massive protests.

The last downgrading of the city by the agency took place before the return of the former British colony to China in 1997.

“Months of persistent conflict and violence are testing the perimeters and pliability of the ‘one country, two systems’ framework that governs . . .

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