Fitch: Wharf unaffected

Fitch Ratings said that Wharf (Holdings) Ltd.'s (A-/stable) proposed HK$5.1 billion investment in Greentown China Holdings Ltd. will not immediately affect its ratings.

There is also no change to Wharf's interest coverage ratios as it will not incur additional borrowings for this transaction, the agency noted. As the transaction will be funded entirely by Wharf's surplus cash, its interest coverage ratios, the key ratios supporting its ratings, will remain unchanged, the agency said.

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