19.09.2014 12:33:00
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MTR Corporation Limited -- Moody's: Hong Kong's New Railway Development Plan Is Credit Positive for MTRC in long term
Hong Kong, September 19, 2014 -- On 17 September, the Secretary for Transport and Housing announced the Railway Development Strategy 2014 (the strategy), which outlines the framework for planning the future expansion of Hong Kong's railway network up to 2031. The strategy is credit positive to MTR Corporation Limited (MTRC, Aa1 stable) as the proposed seven new railway projects will expand MTRC's railway network and market share, as well as offer potential revenue growth.