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Prospect News home > News index > List of issuers C > Headlines for Cheung Kong Infrastructure Holdings Ltd. > News item
Published on 10/16/2007 in the Prospect News Emerging Markets Daily.

S&P: Cheung Kong unaffected

Standard & Poor's said the rating on Cheung Kong Infrastructure Holdings Ltd. (A-/stable) is not affected by the company's proposed acquisition of TransAlta Power LP, given the issuer's strong liquidity and healthy financial profile.

According to S&P, Cheung Kong has agreed to buy all the outstanding public units in TransAlta for C$629 million, or less than 5% of its total consolidated assets as at Dec. 31, 2006.


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