Fitch Ratings downgrades Hong Kong to AA

PHILIP FONG / AFP

Fitch Ratings has downgraded Hong Kong’s long-term foreign currency issuer default rating.

The global credit rating agency has reduced the Asian financial hub's standing from AA+ to  AA. 

It comes after more than three months of unrest in the city. 

In a statement,  Fitch Ratings said Hong Kong’s rating outlook is "negative." 

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