Taiwan-Based Hon Hai#s Guaranteed MTN Drawdown Rated #A-#

Stocks and Financial Services Press Releases Wednesday September 13, 2017 17:19
HONG KONG--13 Sep--S&P Global Ratings

HONG KONG (S&P Global Ratings) Sept. 13, 2017--S&P Global Ratings today assigned its 'A-' long-term issue rating to the medium-term unsecured notes proposed by Foxconn (Far East) Ltd. (not rated), a fully owned subsidiary of Hon Hai Precision Industry Co. Ltd. (A-/Stable/--). The notes are a drawdown under the US$5 billion medium-term notes program that Hon Hai unconditionally and irrevocably guarantees. The proceeds will be mainly used to refinance the company's existing debt.


Latest Press Release

Bermuda-Based Holding Company Sirius International Group#s Subordinated Notes Rated #BB+#

LONDON (S&P Global Ratings) Sept. 22, 2017--S&P Global Ratings today assigned its 'BB+' long-term issue level credit rating to the subordinated notes issued by Sirius International Group Ltd. The rating on the notes is two notches below the...

Three Hong Kong Government-Related Entities Downgraded To #AA+# Following Similar Action On Hong Outlook Stable

HONG KONG (S&P Global Ratings) Sept. 22, 2017--S&P Global Ratings today lowered the long-term corporate credit ratings on the following three Hong Kong government-related entities (GREs) to 'AA+' from 'AAA'. The outlooks are stable. At the same...

#ASEAN countries full of opportunity, PwCs SEAC CEO says,

Businesses in the Association of Southeast Asian Nations (ASEAN) are looking for ways to drive faster growth and greater productivity as they navigate through increasingly complex challenges and technological advances. The region, which celebrated its...

Kowloon-Canton Railway Corp. Ratings Lowered To #AA+# From #AAA# On Hong Kong Sovereign Outlook Stable

HONG KONG (S&P Global Ratings) Sept. 22, 2017--S&P Global Ratings said today that it had lowered the long-term issuer and issue credit ratings on Kowloon Canton Railway Corp. (KCRC) to 'AA+' from 'AAA'. The outlook is stable. We also affirmed the...

The Colonial Mutual Life Assurance Society Ltd. Ratings Affirmed At #A+#; Outlook Stable

MELBOURNE (S&P Global Ratings) Sept. 22, 2017--S&P Global Ratings said today that it had affirmed its 'A+' financial strength and issuer credit ratings on Australian life insurer The Colonial Mutual Life Assurance Society Ltd. (CMLA). The outlook...

Related Topics