Outlooks On Four Hong Kong GREs Revised To Negative From Stable Following Similar Action On Hong Kong Rating

On March 31, 2016, Standard&Poor's revised the outlook on the issuer credit rating on Hong Kong to negative from stable. We are therefore revising the rating outlooks on four Hong Kong government-related corporate and infrastructure entities to negative from stable. We are revising the outlook on these entities since we believe their credit profiles are affected by their importance and strong links with the Hong Kong government. All entities not included in this list are unaffected by the outlook revision of Hong Kong. HONG KONG (Standard&Poor's) April 1, 2016--Standard&Poor's Ratings Services said today that it had revised the outlooks on the following four Hong Kong government related entities (GREs) to negative from stable. At

...+ On March 31, 2016, Standard & Poor's revised the outlook on the issuer credit rating on Hong Kong to negative from stable. + We are therefore revising the rating outlooks on four Hong Kong government-related corporate and infrastructure entities to negative from stable. + We are revising the outlook on these entities since we believe their credit profiles are affected by their importance and strong links with the Hong Kong government. + All entities not included in this list are unaffected by the outlook revision of Hong Kong. HONG KONG (Standard & Poor's) April 1, 2016--Standard & Poor's Ratings Services said today that it had revised the outlooks on the following four Hong Kong government related entities (GREs) to negative from stable. At the same time, we affirmed the corporate credit ratings and Greater China regional scale ratings on the companies. Ratings Affirmed; Outlook Action To From Airport Authority Hong Kong Corporate Credit Rating ###/Negative/-- ###/Stable/-- Greater China...

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