กรุงเทพฯ--19 ส.ค.--Standard & Poor's
Standard & Poor's Ratings Services today assigned its 'AA-' senior unsecured debt rating and 'cnAAA' Greater China credit scale rating to the following renminbi-denominated bonds issued in Hong Kong by the People's Republic of China (AA-/Stable/A-1+; cnAAA/cnA-1+):
Chinese renminbi (RMB) 6 billion bonds due 2014
RMB5 billion bonds due 2016
RMB3 billion bonds due 2018
RMB1 billion bonds due 2021
The sovereign credit ratings on China reflect the government's modest indebtedness, a strong external asset position, and our view of the economy's exceptional growth prospects. These strengths outweigh weaknesses associated with China's low-income economy and its reliance on administrative tools for macroeconomic management.
Complete ratings information is available to subscribers of RatingsDirect on the Global Credit Portal at www.globalcreditportal.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com. Use the Ratings search box located in the left column.
Media Contact:
John Piecuch, New York (1) 212 438.1579,
[email protected]
Analyst Contacts:
KimEng Tan, Singapore (65) 6239-6350
Elena Okorotchenko, Singapore (65) 6239-6375