Moody’s rates Capco 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 drawdown under its $2 billion medium-term note program guaranteed by Castle Peak Power Co. Ltd. (Capco).

The notes will be sold as energy transition bonds under its ultimate parent company’s climate action finance framework, CLP Holdings Ltd. The proceeds will be used for constructing a second gas-fired power generation unit using a combined cycle gas turbine within Capco’s Black Point Power Station in Hong Kong.

The outlook is stable.

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