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Moody's Investors Service (Moody's) and Standard and Poor's Rating Services (S&P) have re-affirmed today (July 16) the current credit ratings of Kowloon-Canton Railway Corporation at Aa3 and AA respectively, while Fitch Ratings (Fitch) has upgraded the Corporation's local currency long-term rating from AA to AA+ and its foreign currency rating from AA- to AA.
Moody's has earlier put MTR Corporation Limited under review for possible upgrade from its current credit rating of Aa3. S&P has re-affirmed the Corporation's current credit rating at AA. Fitch has re-affirmed the Corporation's local currency long-term rating at AA+ and upgraded its foreign currency rating from AA- to AA.
Government welcomes the decisions of the credit rating agencies. "The credit ratings of the two Corporations reflect our view that the merger package represents a fair and reasonable deal for all stakeholders," a government spokesman said.
Ends/Monday, July 16, 2007
Issued at HKT 20:25
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