Moody's affirms CLP Power

Moody's Investors Service said it affirmed the A1 rating of CLP Holdings Ltd. and Aa3 rating of CLP Power Hong Kong Ltd., a 100%-owned subsidiary.

Moody's said the ratings recognize the group's solid liquidity profile, supported by its strong access to bank and capital markets, as well as its well-managed debt maturity profile.

At the same time, the group's overall risk profile is tempered by the increasing financial leverage and business risks arising from its diversification initiatives and expansion abroad, including its merchant energy business in Australia and electricity generation assets in the region.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.