HONG KONG (Standard&Poor's) Feb. 3, 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 senior unsecured notes by Tencent Holdings Ltd. (A-/Stable/--; cnAA/--). The notes will be a drawdown under the company's US$5 billion global medium-term notes (MTN) program. The ratings are subject to our review of the final issuance documentation. Tencent expects to use the proceeds for general corporate purposes. The issue rating is the same as the corporate credit rating on Tencent. This is because we expect the company to maintain its ratio of priority liabilities at less than 20% of total assets, our notching down threshold for investment-grade companies,
