SINGAPORE (Standard&Poor's) Aug. 28, 2012--Standard&Poor's Ratings Services today assigned its 'BBB+' rating to the proposed issue of senior unsecured offshore notes by Tencent Holdings Ltd. (BBB+/Stable/--; cnA+). We also assigned our Greater China regional credit scale rating of 'cnA+' to the proposed issue. The ratings are subject to Standard&Poor's review of the final documentation for the bond issuance. We expect Tencent to use the proceeds from the proposed notes for the group's general purposes. The rating on the China-based Internet services provider reflects our view that the company will retain its strong user base in instant messaging and social networking services in the country. The favorable growth prospects of China's Internet industry and the
