S&P rates Hong Kong Mortgage

Standard & Poor's said it assigned its AA/A-1+ local currency ratings on the HK$40 billion debt issuance program of Hong Kong Mortgage Corp. Ltd. (AA/stable/A-1+) and AA/A-1+ foreign and local currency rating on the HK$20 billion retail bond issuance program.

At the same time, S&P said it assigned its AA rating to 67 outstanding senior unsecured issues under the HK$40 billion debt issuance program, totaling HK$20 billion.

S&P said it also assigned its AA rating to three issues under the HK$20 billion retail bond issuance program, totaling HK$1.45 billion and nine other senior unsecured retail note issues, totaling HK$2.94 billion.

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