Fitch affirms CLP Holdings

Fitch Ratings said it affirmed CLP Holdings Ltd.'s and CLP Power Hong Kong Ltd.'s long-term foreign- and local-currency issuer default ratings at A+ and short-term foreign-currency issuer default rating at F1.

The outlook is negative.

The negative outlook reflects a view that CLP does not have much headroom in its ratings, Fitch said, and potential new investments may lead to deterioration in the company's financial or business profile, which would warrant a downgrade.

The ratings continue to benefit from the credit strength of its principal wholly-owned subsidiary, CLP Power, the agency said.

© 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.