S&P: Assigned "BBB" long-term issuance rating to the subsidiary of Hong Kong Telecommunications (06823.HK) planning to issue US dollar notes.

On June 2, Standard & Poor's today assigned a "BBB" long-term issue rating to the proposed US dollar-denominated notes to be issued by HKT Capital Ltd. The notes will be issued under its $3 billion Medium Term Note (MTN) program. HKT Capital Ltd. is a wholly owned subsidiary of Hong Kong Telecommunications (HKT) Limited (known as "Hong Kong Telecommunications" 06823.HKBBB/Stable/--).