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S&P: MTR CORPORATION To Be Supported by HK Govt If Financial Needs Arise
Recommend 6 Positive 17 Negative 9 |
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S&P Global assigned its 'AA+' long-term issue rating to USD-denominated senior unsecured notes that MTR CORPORATION (00066.HK) proposes to issue. The notes will be funded from MTR CORPORATION's US$15 billion debt issuance program. The rating on the notes is the same as the issuer credit rating on MTR CORPORATION (AA+/Stable/A-1+). The outlook on MTR CORPORATION is stable, the same as that on the rating on Hong Kong. S&P noted that the Hong Kong government, as its largest shareholder, would almost certainly support MTR CORPORATION should it have a financial need. AAStocks Financial News |
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