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Prospect News home > News index > List of issuers H > Headlines for HKT Capital No. 6 Ltd. > News item |
S&P gives HKT notes BBB
S&P said it gave its BBB long-term issue rating to HKT Capital No. 6 Ltd.'s planned dollar-denominated unsecured notes. The issuer is a direct wholly owned subsidiary of Hong Kong Telecommunications (HKT) Ltd., and the notes will be guaranteed by HKT and its parent HKT Group Holdings Ltd.
“We rate the notes the same as the issuer credit rating on HKT, considering minimal subordination risk in the company's capital structure,” S&P said in a press release.
HKT will use the proceeds for general corporate purposes, including repaying debt.
The outlook is stable.
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