S&P rates Hutchison Whampoa notes A-

Standard & Poor's said it had assigned its A- issue rating to a proposed issue of £500 million notes by Hutchison Whampoa Finance UK plc.

The issuer is a financing vehicle of Hutchison Whampoa Ltd. (A-/negative), which will guarantee the notes, the agency said, noting that the net proceeds will be used to refinance debt, including recourse and non-recourse debt, owed by subsidiaries of Hutchison Whampoa and for other general corporate purposes.

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