Fitch lifts MTR, Kowloon-Canton Railway views to positive

Fitch Ratings said it revised the outlooks on the long-term foreign currency issuer default ratings of Hong Kong-based MTR Corp. Ltd. and Kowloon-Canton Railway Corp. to positive from stable.

The revision follows a similar change made by Fitch to the outlook of the long-term foreign currency issuer default rating of the Hong Kong Special Administrative Region, People's Republic of China.

At the same time, the agency also affirmed MTR Corp.'s long-term foreign currency issuer default rating AA-, long-term local currency issuer default rating AA+ and short-term foreign currency F1+.

Fitch affirmed Kowloon-Canton's long-term foreign currency issuer default rating AA-, long-term local currency issuer default rating AA and short-term foreign currency F1+.

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