Moody’s rates CK Hutchison notes A2

Moody's Investors Service said it assigned an A2 rating to a proposed sale of dollar-denominated notes by CK Hutchison International (19) (II) Ltd.

The notes will be guaranteed by CK Hutchison Holdings Ltd., which is rated A2.

“CKHH’s A2 issuer rating continues to reflect the company's strong business position, diversified and global operations, balanced portfolio, and excellent liquidity,” said Gloria Tsuen, a Moody's vice president and senior credit officer, in a news release.

Proceeds will be used for refinancing debt.

The outlook is stable.

© 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.