Fitch: Hong Kong, Mongolia among countries most exposed to coronavirus fallout
Fitch Ratings said on Thursday Hong Kong and Mongolia are most exposed to the economic fallout from the coronavirus.
Hong Kong and Mongolia’s “economic linkages to China are most pronounced.”, the rating agency said in its press release.
In Hong Kong, “the virus is adding to economic strains that were already elevated as a result of the territory’s political unrest,” Fitch added.
“Unresolved social cleavages combined with the consecutive political and economic shocks will test the resilience of Hong Kong’s business environment, and may undermine its fundamental credit metrics, as reflected in the Negative Outlook.”