S&P affirms CLP Power

S&P said it affirmed its A+ long-term and A-1 short-term issuer credit ratings on CLP Power Hong Kong Ltd. The outlook is stable.

The agency also affirmed its A long-term and A-1 short-term issuer credit ratings on CLP Holdings Ltd.

At the same time, the agency affirmed the A+ long-term issue ratings on the $4.5 billion medium-term note program and all the outstanding notes that CLP Power guarantees.

The agency also affirmed the A-1 short-term issue ratings on the MTN program and notes, and affirmed the A- long-term issue rating on the outstanding perpetual securities that CLP Power guarantees.

The agency said it affirmed the ratings because it expects Hong Kong's regulatory framework to continue to protect the company's credit quality.

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