香港失去标普AAA信用评级

香港失去标普AAA信用评级

S&P lowers Hong Kong rating from AAA after China cut

来源：FT中文网 2017-09-22 14:43

Standard and Poor’s has cut its long-term rating on Hong Kong, following its cut to China’s sovereign credit rating on Wednesday, to reflect “spillover risks” to the territory. 标准普尔(Standard and Poor's)下调了香港的长期信用评级，以反映香港面临的“溢出风险”。周三，标普刚刚下调了中国内地的主权信用评级。

S&P lowered its long-term rating on Hong Kong to AA+ from AAA on Friday after it cut its credit rating on China by one notch to A+ from AA-. The ratings agency cited rising economic and financial risks in China following a prolonged period of strong credit growth as reasons for it cutting its rating on the world’s second-largest economy. 周五，标普将香港的长期信用评级从AAA下调至AA+。此前，标普将中国内地的信用评级从AA-下调一档至A+。这家评级机构指出，下调全球第二大经济体信用评级的原因是，在信用长期强劲扩张后，中国内地的经济金融风险日益上升。

S&P said of the Hong Kong cut: 标普在谈到下调香港信用评级时表示：“此次下调反映了中国内地主权信用评级的下调（长期信用评级、展望和短期信用评级分别为A+、稳定、A-1）。中国内地与香港之间有着紧密的体制和政治关系，因为香港是中国的一个特别行政区。因此，我们认为，除了香港目前强劲的信用衡量指标所暗示的情况，中国内地得到的信用支持减弱对香港的评级造成了负面影响。”

The downgrade reflects the lowering of the sovereign credit ratings on the People’s Republic of China (A+/Stable/A-1). Strong institutional and political ties exist between China and Hong Kong, arising from the latter’s status as a Special Administrative Region of China. Consequently, we view a weakening of credit support for China as exerting a negative impact on the ratings on Hong Kong beyond what is implied by the territory’s currently strong credit metrics. 标普表示，香港的评级反映出该地“经济增长前景超出高收入经济体平均水平，财政表现健康，财政储备可观，外部头寸强劲，货币政策可信”。

S&P said the ratings on Hong Kong reflected the territory’s “above-average economic growth prospects for a high-income economy, healthy fiscal performance, sizable fiscal reserves, a strong external position, and the credibility of monetary policy.” 然而，标普表示，“考虑到金融和经济方面的联系以及最终的主权权威属于中国，（它）不认为香港的信用等级能与中国内地彻底脱钩。”

However, the agency said it does “not believe Hong Kong’s credit standing can be completely disconnected from that of the mainland, given financial and economic linkages, and the ultimate sovereign authority of China.” 译者/梁艳裳

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