Moody’s assigns Castle Peak notes A1

Moody’s Investors Service said it assigned an A1 senior unsecured rating to Castle Peak Power Finance Co. Ltd.’s fixed-rate notes guaranteed by Castle Peak Power Co. Ltd.

The notes will be issued as energy transition bonds under the climate action finance framework of its ultimate parent company, CLP Holdings Ltd.

The proceeds will be used for construction of an offshore liquefied natural gas receiving terminal, associated subsea pipeline and gas receiving station.

The outlook is stable.

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