HONG KONG (Standard&Poor's) Dec. 9, 2013--Standard&Poor's Ratings Services recently released a report that addresses investors' frequently asked questions about its ratings on Bao-Trans Enterprises Ltd., the Hong Kong-based subsidiary of China's biggest steel maker. On Nov. 29, 2013, Standard&Poor's assigned its 'A-' long-term corporate credit rating to Bao-Trans and the company's proposed issue of U.S. dollar-denominated senior unsecured bonds. In the report, titled "A Further Look At The 'A-' Rating On Bao-Trans Enterprises Ltd. And Its Proposed Debt Issue," Standard&Poor's explains why the rating on Bao-Trans is equalized to the rating on its parent, Baoshan Iron&Steel Co. Ltd. (A-/Stable/--; cnAA/--). "We equalize the rating on Bao-Trans and Baoshan for two
