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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

  • Published: 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 READ MORE >

- Tencent Holdings Ltd.

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