• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Bulletin: Hutchison Whampoa Ltd. Ratings Unaffected By Acquisition Of Orange Austria Feb 12 Product Image

Bulletin: Hutchison Whampoa Ltd. Ratings Unaffected By Acquisition Of Orange Austria Feb 12

  • Published: February 2012
  • Region: Austria
  • Standard & Poors

Abstract
HONG KONG (Standard & Poor's) Feb. 3, 2012--Standard & Poor's Ratings Services said today that its rating on Hutchison Whampoa Ltd. (HWL: A-/Stable/--; cnAA/--) is not affected by the company's proposed acquisition of Orange Austria Telecommunication GmbH. We expect the merger of Hutchison 3G Austria Holdings GmbH with that of Orange Austria to improve the combined entity's competitive position and profitability in the next two to three years. We estimate that the proposed acquisition will likely increase HWL's consolidated leverage somewhat from our expectations of about 25% in unadjusted net debt-to-net capital ratio for 2011. HWL announced today that it would acquire 100% of Orange Austria for an enterprise value of -1.3 billion comprising about -0.2 billion in cash and...

Companies mentioned in this report are: Hutchison Whampoa Ltd.
Action: Bulletin

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 READ MORE >

Hutchison Whampoa Ltd.

Note: Product cover images may vary from those shown

RELATED PRODUCTS