S&P rates PSA International AA

Standard & Poor's said it assigned its AA corporate credit rating on PSA International Pte. Ltd.

The outlook is stable.

At the same time, the agency said it also assigned its AA issue rating on the proposed $3.42 billion syndicated loan issued by its wholly owned subsidiaries, Asia Lion International Ltd. and PSA World Port Pte. Ltd. as part of the $4.4 billion financing required for the Hutchison Ports investment.

S&P said that the rating reflects the company's solid business position through its Singapore port operations.

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