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Tencent Holdings Ltd. Assigned 'BBB+' Rating With Stable Outlook; Proposed Notes Rated 'BBB+' Nov 11 Product Image

Tencent Holdings Ltd. Assigned 'BBB+' Rating With Stable Outlook; Proposed Notes Rated 'BBB+' Nov 11

  • ID: 2024591
  • November 2011
  • Standard & Poors

Abstract
China-based Internet services provider Tencent has a strong user base in instant messaging and social networking services, favorable growth prospects, and sound financial standing. We are assigning our 'BBB+' long-term corporate credit rating and 'cnA+' Greater China credit scale rating to the company. We are also assigning our 'BBB+' rating to the company's proposed senior unsecured offshore notes with a 'cnA+' Greater China credit scale rating. The stable outlook reflects our expectation that Tencent will maintain its steady performance and its current conservative financial policy. TOKYO (Standard & Poor's) Nov. 14, 2011--Standard & Poor's Ratings Services said today that it had assigned its 'BBB+' long-term corporate credit rating and 'cnA+' Greater China credit scale rating to China-based Internet services provider...

Companies mentioned in this report are:
- Tencent Holdings Ltd.

Action: New Rating
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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- Tencent Holdings Ltd.

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