S&P Global Ratings said today that it raised its long-term issuer rating on CK Hutchison Holdings Ltd. (00001) to 'A' from 'A-'. The outlook is stable.
At the same time, the credit rating agency raised the issue rating on senior unsecured debt that CK Hutchison guarantees to 'A' from 'A-'. S&P also raised its rating on the subordinated perpetual securities guaranteed by the group to 'BBB+' from 'BBB'.
S&P said its upgrade on CK Hutchison reflects its view that the company is likely to improve its financial leverage in the next 12-24 months through a combination of prudent financial management, asset monetization, and consistent earnings growth.
It thinks the company has strong financial flexibility and a track record of active management to support its credit metrics.
全新節目《說說心理話》青少年不可以戀愛！？真實個案講述驚心動魄經歷► 即睇
