Moody's ups Hong Kong view to positive

Moody's Investors Service said it changed the outlook on Hong Kong's Aa2 government bond ratings to positive from stable.

The action was prompted by a corresponding move in China's outlook to positive.

Owing to Hong Kong's status as a Special Administrative Region of China and because of the increasing financial and economic integration of Hong Kong and Mainland China, Hong Kong's rating is marginally lower than its intrinsic credit strength, the agency said.

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