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Moody's assigns Hutchison Port notes Baa1
Moody's Investors Service said it assigned a Baa1 backed senior unsecured rating to the proposed dollar-denominated notes to be issued by HPHT Finance (21) Ltd., a wholly-owned subsidiary of Hutchison Port Holdings Trust. HPHT will guarantee the notes.
The rating is in line with HPHT's Baa1 issuer rating, Moody’s said.
HPHT plans to use the net proceeds primarily to refinance its dollar-denominated loans.
The outlook is stable.
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