Moody's assigns Hutchison Port notes Baa1

Moody's Investors Service said it assigned a Baa1 backed senior unsecured rating to the proposed dollar-denominated notes to be issued by HPHT Finance (21) Ltd., a wholly-owned subsidiary of Hutchison Port Holdings Trust. HPHT will guarantee the notes.

The rating is in line with HPHT's Baa1 issuer rating, Moody’s said.

HPHT plans to use the net proceeds primarily to refinance its dollar-denominated loans.

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.