Credit agency Moody's Investors Service today upgraded China Mobile (Hong Kong) Limited's senior unsecured rating to A2 from A3, ascribing a stable outlook to the rating. We are pleased with the upgrade, which reflects continued evidence of growth and robustness in our operating and financial profiles.
On 20 July 2005, credit rating agency Standard & Poor's upgraded CMHK's long term issuer rating from 'BBB+' to 'A-', ascribing a positive outlook to the rating. We are pleased to note the upgrade which better reflects the solid fundamentals and strong financial strength of the Company.
Once again, China Mobile (Hong Kong) Limited has been inducted into the internationally renown business magazine Forbes' "Forbes 2000" for 2005, which recognizes the world's biggest and most powerful companies as measured by a composite ranking for sales, profits, assets and market value.