Investing
Japan’s R&I Helps Hong Kong Funds by Reaffirming Top US Credit Rating
For Hong Kong’s pension fund managers fretting over the risk of forced divestments of US Treasuries, Japan’s Rating and Investment Information Inc. has some words of reassurance.
The rating company, called R&I for short, re-affirmed that it will stick with its triple-A credit rating for the US, even though the three major global agencies have downgraded the debt, and as concerns mount that President Donald Trump’s fiscal package inflates the government deficit.