S&P rates Castle Peak notes AA-

S&P said it assigned its AA- long-term issue rating to a proposed issue of dollar-denominated senior unsecured notes by Castle Peak Power Finance Co. Ltd., a wholly owned subsidiary of Castle Peak Power Co. Ltd., or Capco.

Capco, which S&P rates AA-, will guarantee the notes.

Capco will use the proceeds to finance its offshore liquefied natural gas project.

The outlook is stable.

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