Sun Hung Kai impresses S&P
Standard & Poor's has raised its long-term corporate credit rating on Sun Hung Kai Properties to A+ from A. The outlook is 'stable'. S&P also raised ratings on all issuances by the company's financing vehicles Sun Hung Kai Properties (Capital Market) and Sun Hung Kai Properties (Financial Services) to A+ from A. 'It reflects the steady growth in the company's high-quality investment property portfolio and its conservative and consistent financial management policies,' S&P analyst Bei Fu said.