Weak economic conditions see Hong Kong’s MTR downgraded
HONG KONG - Standard and Poors has lowered its stand-alone credit profile (SACP) for Hong Kong' s MTR Corporation to 'a' from 'a+' because it expects the metro operator to face an increasingly volatile operating environment amid the COVID-19 outbreak, Hong Kong's social unrest, and a generally weaker economic environment. S&P says it has also revised its assessment of MTRC's liquidity to adequate from strong to reflect its expectation of weaker cash flow in 2020.