Moody’s shifts Hong Kong Mortgage view to negative

Moody’s Investors Service said it changed the outlook for Hong Kong Mortgage Corp. Ltd. to negative from stable.

The outlook revision comes after Moody’s revised its outlook for Hong Kong’s ratings.

The company’s rating assumes a very high level of government support, the agency said.

Moody’s also affirmed long-term senior unsecured and issuer ratings at Aa2 among others.

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