S&P: Eastern Creation notesA

Standard & Poor’s said it assigned an A long-term issue rating and cnAA+ long-term Greater China regional scale rating to a proposed issue of euro-denominated senior unsecured notes by Eastern Creation II Investment Holdings Ltd.

The notes will be issued under the existing $2 billion medium-term notes program that Beijing Infrastructure Investment (Hong Kong) Ltd. guarantees.

The rating is the same as the long-term corporate credit rating on the company, S&P said.

The ratings reflect the company’s role as a highly strategic subsidiary of Beijing Infrastructure Investment Co. Ltd., the agency said.

The company has an important role in diversifying the group’s funding channels to support investment in rail transport, S&P said.

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