MTR Corp Ltd (0066.HK)
HONG KONG A Hong Kong-China consortium of property developers on Friday won an auction for a plot of land in Hong Kong's New Territories with a bid of HK$8.33 billion ($1.07 billion), beating market expectations.
* JV company and guarantors entered into development agreement with mtr corporation for development of land
(The following statement was released by the rating agency) HONG KONG, January 06 (Fitch) Fitch Ratings has affirmed Hong Kong-based rail transit network operator MTR Corporation Ltd's (MTRC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'AA+'. The Outlook is Stable. The agency has also affirmed MTRC's Short-Term Foreign-Currency IDR at 'F1+' and senior unsecured rating at 'AA+'. MTRC's ratings and the Stable Outlook reflect the company's strong ties with the Hong Ko