Moody’s shifts views on three Hong Kong issuers

Moody’s Investors Service said it revised to negative from stable the outlooks on MTR Corp. Ltd., MTR Corp. (C.I.) Ltd. and Kowloon-Canton Railway Corp.

The rating action follows the change in outlook on Hong Kong’s Aa2 rating to negative from stable.

All three companies are government-related issuers and are closely connected to Hong Kong’s ratings and outlook, the agency said.

Moody’s also affirmed MTR Corp.’s issuer rating and senior unsecured ratings among others as it did for MTR Corp.’s (C.I.) Aa2 backed senior unsecured rating and Kowloon-Canton Railway’s issuer ratings and senior unsecured ratings.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.