Standard & Poor's: Grants Hong Kong Electric proposed issuance of US dollar bonds an "A-" long-term issuance rating.

On January 27th, Standard & Poor's granted a long-term issue rating of "A-" to the US dollar-denominated senior unsecured notes proposed to be issued by Hongkong Electric Finance Ltd., a wholly-owned subsidiary of The Hongkong Electric Company, Limited (referred to as "Hongkong Electric"). The notes are part of the $5 billion medium-term note program of Hongkong Electric and are guaranteed by it unconditionally and irrevocably.