Hong Kong's Proposed Global Sukuk Trust Certificate Rated 'AAA'

HONG KONG - Standard & Poor's today assigned its 'AAA' long-term foreign currency issue rating to a proposed global Sukuk trust certificate issuance by Hong Kong Sukuk 2014 Limited, a special purpose vehicle fully- owned by the Hong Kong Government established to issue Sharia-compliant securities in international markets.

S&P said its rating is subject to its review of final issuance documentation. “We rate this issue on par with the other commercial financial obligations of Hong Kong,” the ratings agency said. www.standardandpoors.com (ATI).