HONG KONG (Standard&Poor's) May 21, 2015--Standard&Poor's Ratings Services today assigned its 'A-' long-term issue rating and 'cnAA' long-term Greater China regional scale rating to a proposed issue of Swiss franc-denominated senior unsecured notes by Sinochem Offshore Capital Co. Ltd. The notes will be a drawdown under the company's US$3 billion global medium-term notes (MTN) program, which is guaranteed by Sinochem Hong Kong (Group) Co. Ltd. (A-/Stable/--; cnAA/--). The notes ratings are same as the ratings on the MTN program. The ratings on the notes are subject to our review of the final issuance documentation. Sinochem Hong Kong intends to use the issuance proceeds to refinance existing debt and for general corporate purposes. We consider Sinochem Hong
