Moody’s rates CK Hutchison notes A3

Moody's Investors Service said it assigned an A3 rating to the proposed dollar-denominated notes to be issued by CK Hutchison International (17) Ltd.

The notes will be irrevocably and unconditionally guaranteed by CK Hutchison Holdings Ltd. (CKHH).

The outlook is stable.

"CKHH's A3 rating mainly reflects its strong business position, diversified operations, balanced portfolio, and excellent liquidity position," Moody's vice president and senior credit officer Joe Morrison said in a news release.

These strengths mitigate its 3 Group Europe's weaker position in some markets, as well as event and operational risks arising from potential acquisitions, the agency added.

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