Outlooks On Five Hong Kong Companies Revised To Positive On Sovereign Revision Jul 07
- ID: 2183976
- July 2007
- Region: Hong Kong
- Standard & Poors
HONG KONG (Standard & Poor's) July 26, 2007--Standard & Poor's Ratings Services said today that it had revised its outlooks on the local and foreign currency long-term credit ratings on five Hong Kong companies to positive from stable. This follows a corresponding revision earlier today to the outlook on the sovereign rating on the Hong Kong Special Administrative Region (AA/Positive/A-1+). At the same time, Standard & Poor's affirmed the corporate credit ratings on the five Hong Kong companies. The ratings capture the companies' strong government support and are linked to the ratings on the supporting government, which is consistent with Standard & Poor's rating methodology on government-related entities. The following Hong Kong government-related entities were affected: -- Hong Kong Mortgage...
Companies mentioned in this report are:
- Hong Kong Mortgage Corp. Ltd.
- MTR Corp. Ltd.
- Hong Kong (Special Administrative Region)
- Kowloon-Canton Railway Corp.
- Airport Authority Hong Kong
Action: Outlook: Positive
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Research type: News
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