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S&P rates Hutchison Port BBB+
Standard & Poor’s said it assigned a BBB+ long-term corporate credit rating to Hutchison Port Holdings Trust.
The outlook is stable.
The agency also said it assigned a cnA+ long-term Greater China regional scale rating to the trust.
The ratings reflect the company’s solid market position in the Pearl River Delta region and stable cash flows from its natural deep-water port operations, S&P said.
The trust’s geographic concentration, competition from other ports in China and declining profit margin temper these strengths, the agency said.
These factors underpin the trust’s BBB+ stand-alone credit profile, S&P said.
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