S&P Global Ratings has given an AA+ long-term issue rating to MTR's (HKG:0066) proposed senior unsecured green notes, according to a Monday release.
The Hong Kong-based metro operator will channel proceeds from the notes to fund or refinance eligible green investments under its sustainable finance framework.
The notes' rating is equivalent to MTR's long-term issuer credit rating, given the lack of subordination risk amid minimal secured debt or priority debt, S&P said.
MTR's outlook is stable, in line with that of Hong Kong, given S&P's view of an almost-certain potential of government support in case of need.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments