S&P gives A- to Beijing Infrastructure Investment notes

Standard & Poor’s said it assigned its A- long-term issue rating and cnAA long-term Greater China regional scale rating to a US$2 billion medium-term note program and to Chinese renminbi-denominated senior unsecured notes under the program that Eastern Creation II Investment Holdings Ltd. proposes to issue.

Beijing Infrastructure Investment (Hong Kong) Ltd. (BIIHK: A/stable/--; cnAA+/--) will unconditionally and irrevocably guarantee the program and the notes. Eastern Creation II is a newly established special purpose entity.

The rating on BIIHK reflects S&P’s assessment that the company is a highly strategic subsidiary of Beijing Infrastructure Investment, S&P said.

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