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Moody's downgrades MTR, view to stable
Moody's Investors Service said it downgraded the issuer and senior unsecured ratings of MTR Corp. Ltd. and the backed senior unsecured ratings of MTR Corp. (CI) Ltd., a wholly-owned subsidiary of MTRC, by one notch to Aa3 from Aa2.
At the same time, Moody's changed the outlook on the ratings to stable from negative.
The rating action follows Moody's downgrade of Hong Kong's ratings to Aa3 from Aa2 and the change in outlook on the ratings to stable from negative, as announced on Monday.
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