HONG KONG (Standard&Poor's) Sept. 21, 2012--Standard&Poor's Ratings Services today assigned its 'A-' long-term issue rating and 'cnAA' long-term Greater China credit scale rating to the proposed US$2 billion medium-term note (MTN) program of Foxconn (Far East) Ltd. (not rated) and Competition Team Technologies Ltd. (not rated), two fully owned subsidiaries of Hon Hai Precision Industry Co. Ltd. (A-/Stable/--; cnAA/--). Hon Hai unconditionally and irrevocably guarantees the notes issued under the MTN program. The notes will constitute a senior unsecured liability for Hon Hai. The company intends to use the proceeds of the drawdown to finance the group's general corporate and working capital needs. RELATED CRITERIA AND RESEARCH 2008 Corporate Criteria: Rating Each Issue, April 15, 2008
