|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||9.87 - 10.17|
|52 Week Range||7.96 - 11.15|
|Beta (5Y Monthly)||0.34|
|PE Ratio (TTM)||12.60|
|Forward Dividend & Yield||0.40 (4.23%)|
|Ex-Dividend Date||Dec 01, 2020|
|1y Target Est||12.44|
Rating Action: Moody's assigns A1 rating to CAPCO's guaranteed MTN drawdownGlobal Credit Research - 24 Feb 2021Hong Kong, February 24, 2021 -- Moody's Investors Service has assigned an A1 senior unsecured rating to Castle Peak Power Finance Company Limited's fixed-rate notes drawdown under its USD2 billion medium-term note (MTN) programme guaranteed by Castle Peak Power Company Limited (CAPCO).The rating outlook is stable.The notes will be issued as Energy Transition Bonds under the Climate Action Finance Framework of its ultimate parent company, CLP Holdings Limited (CLPH, A2 stable). Such stability will extend to 2021-2022, maintaining CAPCO's credit metrics in line with the current rating amid increasing capital expenditure.The rating is constrained by CAPCO's carbon transition risk due to Hong Kong's strengthening environmental standards.
Moody's Investors Service has affirmed CLP Holdings Limited's (CLPH) A2 issuer rating and P-1 short term issuer rating. Concurrently, Moody's has affirmed the ratings of CLPH's operating subsidiaries in Hong Kong SAR, and the issuing entities of these operating subsidiaries' perpetual subordinated guaranteed capital securities and medium-term note (MTN) programs.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of CLP Holdings Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.