Fitch rates CK Hutchison Group Telecom notes BBB+

Fitch Ratings said it assigned an expected rating of BBB+ to CK Hutchison Group Telecom Finance SA’s proposed senior unsecured guaranteed notes.

The proposed notes will be guaranteed by CK Hutchison Group Telecom Holdings Ltd., which is rated BBB+, and rank equally with other senior unsecured borrowings of the company. CK Hutchison Group Telecom Finance is a wholly owned subsidiary of the company.

Proceeds will be used to refinance debt and for general corporate purposes by CK Hutchison Group Telecom Holding.

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