Fitch affirms CLP

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.

The outlook is stable.

Simultaneously, Fitch said it has affirmed the companies' short-term foreign currency issuer default ratings at F1.

The agency noted that it considers the links between the companies to be strong and, as a result, the ratings of CLP Hong Kong are constrained at CLP Holdings's rating level.

CLP Holdings's ratings primarily reflect its stable and predictable recurring cash inflows from regulated electricity assets.

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