Fitch affirms Hutchison Whampoa

Fitch Ratings said it affirmed Hutchison Whampoa Ltd.'s long-term foreign-currency issuer default rating at A-, short-term issuer default rating at F2 and senior unsecured rating at A-. The affirmation affects outstanding notes amounting to $11.25 billion, €2.7 billion and £700 million.

The outlook remains stable.

The company's profile is strengthened by its geographical and industrial diversity, Fitch said, as well as the ability of its core ports segment to generate continued growth in profits and cash flow.

The underperformance of Hutchison's 3G telecommunications segment (3 Group) remains a key credit concern, the agency said.

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