Fitch rates CLP Power A+

Fitch Ratings said it assigned CLP Power Hong Kong Ltd. its A+ senior unsecured foreign currency and local currency ratings and an F-1 short-term rating.

The outlook is stable.

Fitch said the ratings reflect CLP Power's strengths as the sole provider of electricity to Kowloon and the new territories in Hong Kong, districts that house about 80% of Hong Kong's population and account for more than 90% of Hong Kong's land area.

Leverage levels have remained low, with debt/EBITDA below 1.5x historically and EBITDA/interest between 10x and 20x.

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