The Financial Services & the Treasury Bureau has hailed Fitch Ratings' decision to upgrade the Kowloon-Canton Railway's local-currency long-term rating to AA+ from AA, and its foreign-currency rating to AA from  AA-.

Meanwhile, Moody's Investors Service and Standard and Poor's Rating Services reaffirmed the corporation's current credit ratings at Aa3 and AA.

For Mass Transit Railway, Moody's Investors Service has continued to put the corporation under review for possible upgrade from its current credit rating of Aa3, while Standard and Poor's Rating Services has reaffirmed the corporation's current credit rating at AA. Fitch has reaffirmed the corporation's local currency long-term rating at AA+ and upgraded its foreign currency rating from AA- to AA.

The bureau said the two corporations' credit ratings reflect the Government's view that the merger package represents a fair and reasonable deal for all stakeholders.