The Hong Kong SAR government responds to S&P and Moody's confirming Hong Kong's credit rating.

On May 27, the Hong Kong SAR government noted that S&P maintained Hong Kong's "AA+" credit rating and "stable" rating outlook, while Moody's upgraded the rating outlook from "negative" to "stable" while maintaining Hong Kong's "Aa3" credit rating. Both S&P and Moody's have a very positive assessment of Hong Kong's credit fundamentals, including large fiscal buffers and foreign exchange reserves, a strong external balance sheet, and a high level of per capita income. Moody's pointed out that in the current context of intensifying global trade frictions and low trade growth, Hong Kong's efficient policy mechanisms, coupled with the resilience of Hong Kong's economic and financial systems, will continue to support Hong Kong's credit rating. S&P pointed out that the HKSAR government's policies tend to be more flexible and efficient, while Hong Kong's linked exchange rate system has promoted monetary and financial stability and has remained stable despite market volatility.