HKSAR's Credit Ratings Highlight Economic Resilience, Says MOFA

The recent affirmations of Hong Kong Special Administrative Region’s (HKSAR) credit ratings by major international agencies have underlined the region’s economic resilience and optimistic prospects, even as the global economy faces heightened uncertainty. According to statements made Friday by a spokesperson from China’s Foreign Ministry, the assessments from Fitch, S&P, and Moody’s represent renewed confidence in Hong Kong’s financial position and its critical status as an international financial hub.

S&P Global Ratings and Moody’s have both maintained their high-level ratings for HKSAR, with S&P assigning an AA+ rating and Moody’s upholding Aa3. Notably, Moody’s has upgraded its outlook for Hong Kong from “negative” to “stable,” a move widely interpreted as recognition of the territory’s ability to sustain its strong credit profile despite ongoing global trade tensions and periods of slowed trade growth. Both agencies highlighted Hong Kong’s substantial fiscal buffers, robust foreign exchange reserves, strong external balance sheet, and high per capita income as key factors in their decisions.

Chinese Foreign Ministry spokesperson Lin Jian described these developments as “a vote of confidence in Hong Kong’s status as an international financial center.” He emphasized that China’s ongoing commitment to high-quality development will provide Hong Kong with expanded opportunities and momentum for further growth in the coming years. Lin noted, “We are confident about Hong Kong’s development prospects and welcome enterprises from all countries to invest in Hong Kong, work together for mutual development and share in its prosperity.”

Echoing these sentiments, Hong Kong Financial Secretary Paul Chan Mo-po stated on social media that the stable outlooks assigned by the three major rating agencies reflect the resilience and strength of Hong Kong’s economic and financial system in the face of persistent global headwinds. Chan expressed optimism for the future, adding that the city’s financial market is poised to continue thriving and that recent achievements in attracting international investment underscore global capital’s enduring confidence in Hong Kong.

As international attention remains focused on economic stability amid global uncertainties, Hong Kong’s latest credit rating confirmations are expected to reinforce its attractiveness as a prime investment destination and bolster its reputation as a dynamic gateway between China and the world economy.