Fitch rates CK Hutchison notes A-

Fitch Ratings said it assigned CK Hutchison Holdings Ltd.’s (CKHH, A-/stable) proposed notes a rating of A-.

The proposed senior unsecured notes will be issued in two tranches by CK Hutchison International (24) Ltd. and will be unconditionally and irrevocably guaranteed by CKHH and rank pari passu with the company’s other senior unsecured borrowings. CK Hutchison International (24) is a wholly owned subsidiary of CKHH.

“The company’s ratings and outlook reflect its strong business profile, geographical diversification, stable cash flow generation from its high-quality port, retail, infrastructure and telecommunication businesses, and management's strong record of prudent financial management,” Fitch said in a news release.

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