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Hutchison Whampoa Ltd.'s Proposed Guaranteed Notes Assigned 'A-' Rating Jan 12
Standard & Poors, January 2012
HONG KONG (Standard & Poor's) Jan. 10, 2012--Standard & Poor's Ratings Services said today that it had assigned its 'A-' long-term issue rating and 'cnAA' long-term Greater China credit scale rating to the proposed issue of benchmark-sized five-year and 10-year U.S. dollar senior unsecured notes by Hutchison Whampoa International (11) Ltd. Hong Kong-based conglomerate Hutchison Whampoa Ltd. (HWL; A-/Stable/--; cnAA) guarantees the proposed notes. The rating is subject to our review of the final issuance documentation. The HWL group will use the notes proceeds to refinance existing borrowings. The proposed issue is in line with our expectation that the group will continue to extend its debt maturity profile and pre-fund upcoming debt maturities. The rating on HWL reflects the group's...
Companies mentioned in this report are: Hutchison Whampoa Ltd.
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
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Hutchison Whampoa Ltd.