Moody's gives Hongkong Land notes A3

Moody's Investors Service said it has assigned an A3 rating to the proposed $3 billion guaranteed medium term note program - available to Hongkong Land notes Co. Ltd.; Hongkong Land Finance (Cayman Islands) Co. Ltd.; and/or Hongkong Land Treasury Services (Singapore) Pte Ltd. - and which is guaranteed by Hongkong Land Co. Ltd.

Moody's said it has also affirmed the A3 senior unsecured rating of Hongkong Land and the Baa1 issuer rating of Hongkong Land Holdings Co Ltd.

The outlook is stable.

"The A3 rating reflects Hongkong Land's established track record of operating quality investment properties in central business districts with high occupancy rates," said Peter Choy, a Moody's vice president and senior credit officer.

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