Moody's downgrades Hong Kong's rating, citing the government's 'slow' response to protests

· *Moody's cut Hong Kong's credit rating from Aa2 to Aa3, citing the city's lack of "effective response" to nine months of protests against China. *
· *The move by Moody's follows an earlier downgrade from Fitch ratings in September last year.*
· *However, the ratings agency changed the outlook from negative to stable.*
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