S&P rates Foxconn Industrial A-

S&P said it assigned A- ratings to Foxconn Industrial Internet Co. Ltd. (Fii) and its planned medium-term note program. Foxconn is a unit of Hon Hai Precision Industry Co. Ltd., rated A- by the agency.

“The rating on Fii is based on our view that the company is and will remain a core subsidiary of Hon Hai Group,” S&P said in a press release.

The stable outlook reflects the agency outlook on Hon Hai, S&P said.

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