Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for CK Hutchison Holdings Ltd. > News item |
Moody's gives A2 to CK Hutchison notes
Moody's Ratings said it assigned an A2 backed senior unsecured rating to the proposed U.S. dollar-denominated notes to be issued by CK Hutchison International (24) Ltd. The notes will be irrevocably and unconditionally guaranteed by CK Hutchison Holdings Ltd. (CKHH; A2 stable).
The outlook is stable.
CKHH will use the bond proceeds to refinance its existing debt and to finance investments in accordance with its sustainable finance framework.
“CKHH's A2 issuer rating mainly reflects the company's strong business position, diversified operations, balanced portfolio and excellent liquidity,” said Gloria Tsuen, a Moody’s vice president and senior credit officer, in a news release.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.