S&P: China Mobile outlook positive

Standard & Poor's said it revised the outlook on China Mobile (Hong Kong) Ltd. to positive from stable and affirmed its A long-term corporate credit rating.

The outlook is in line with the outlook on the sovereign rating on the People's Republic of China (A/Positive/A-1), the agency said. The rating actions follow the revised outlook on the sovereign rating to positive from stable and affirmation of the long-term and short-term ratings.

The rating on China Mobile continues to be constrained by the long-term rating on the sovereign, S&P said.

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