Fitch gives Hutchison Whampoa notes A-

Fitch Ratings said it has assigned final ratings of A- to Hutchison Whampoa International (14) Ltd.'s $2 billion of 1 5/8% guaranteed notes due 2017 and $1.5 billion of 3 5/8% guaranteed notes due 2024 as well as Hutchison Whampoa Finance (14) Ltd.'s €1.5 billion of 1 3/8% guaranteed notes due 2021.

The guaranteed notes are unconditionally and irrevocably guaranteed by Hutchison Whampoa Ltd. (A-/stable) and rank pari passu with other senior unsecured borrowings of Hutchison.

The agency stated that the notes are issued mainly for refinancing purposes and will not negatively affect Hutchison's credit profile.

Fitch said that Hutchison's long-term issuer default rating reflects the company's geographical and industry diversification, strong liquidity arising from high cash balances, well-distributed debt maturity profile and access to diverse sources of capital.

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