...HONG KONG (Standard & Poor's) Nov. 19, 2014--Standard & Poor's Ratings Services today assigned its 'A' long-term issue rating to a proposed U.S. dollar notes drawdown under Amipeace Ltd.'s Hong Kong dollar 10 billion medium-term notes (MTN) program. We also assigned our 'cnAA+' long-term Greater China regional scale rating to the notes. Amipeace is a special purpose company of Bank of China Group Investment Ltd., which Bank of China Ltd. (BOC: A/Stable/A-1; cnAA+/cnA-1) wholly owns. BOC's Macau branch unconditionally and irrevocably guarantees the notes. The guarantee constitutes direct, unconditional, and unsubordinated and general unsecured obligations of the branch. These obligations rank equally with all other unsecured obligations of the branch, except for statutory preference or priority applicable in the winding-up of the branch. The rating on the notes has been equalized to the counterparty credit rating on BOC to reflect our view that the guarantee is irrevocable, unconditional,...
