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Fitch downgrades MTR (00066) to 'AA', outlook negative
11 Sep 2019
(Infocast News) Fitch Ratings has downgraded MTR Corporation Limited's (00066) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to 'AA' from 'AA+' following rating action on the sovereign. The Outlook is Negative. The agency has also downgraded MTRC's senior unsecured rating to 'AA' from 'AA+' and affirmed its Short-Term Foreign-Currency IDR at 'F1+'.

The rating actions follow the downgrade of Hong Kong's ratings.

Fitch said that MTR's ratings are equalised with those of Hong Kong due to its significant linkage and strategic importance to the government. (WL)
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