Fitch affirms MTR

Fitch Ratings said it affirmed MTR Corp. Ltd.'s long-term local-currency issuer default rating at AA+, long-term foreign-currency issuer default rating at AA and short-term foreign-currency issuer default rating at F1+.

The outlook is stable.

The ratings reflect its close relationship with and ongoing support from the Hong Kong government, Fitch said. Its market position and robust financial fundamentals provide additional support, the agency said, while its foreign-currency ratings are capped by Hong Kong's sovereign ratings.

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