Swire Group

Swire Pacific credit rating safe

PUBLISHED : Thursday, 13 June, 2002, 12:00am
UPDATED : Thursday, 07 May, 2015, 4:04pm


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Standard & Poor's said its rating on Swire Pacific would not be affected by the judicial ruling upholding an arbitrator's decision that the company needed to pay a land premium estimated at HK$4.5 billion for its Cityplaza office developments in Taikoo Shing. The credit rating agency said Swire's net leverage could increase slightly to about 28 per cent this year.