• Mon
  • Nov 24, 2014
  • Updated: 1:22am

Credit Rating

Moody's may upgrade China Mobile

Moody's Investors Service has placed China Mobile under review for a possible upgrade due to its stronger financial profile.

Wednesday, 3 March, 2004, 12:00am

Swiss Re launches mainland branch

Leading reinsurer Swiss Re has opened a branch office in Beijing as the first step in expansion into China.

The China branch will offer national reinsurance in both life and property to domestic Chinese life insurance companies.

20 Dec 2003 - 12:00am

Hutchison takes the long view with '3'

In Hong Kong, Hutchison Whampoa's bold advertisements for its new '3' service ask customers, 'are you curious?' However, the question investors are itching to ask management is, 'are you serious?', especially after each reaffirmation of overly optimistic European subscriber targets.

18 Nov 2003 - 12:00am

Economy looking up but let's not drop our guard

Are Hong Kong's economic prospects improving? Just ask Moody's Investors Service, the World Bank or Hong Kong's own Dickson Concepts. Moody's has raised the rating on Hong Kong's foreign currency debt, while the World Bank has lifted its full-year growth forecast for the city to 2.1 per cent.

18 Oct 2003 - 12:00am

Moody's considers upgrades for China Merchants and SPDB

The two lenders' ratings are under review after six months of strong growth

Moody's Investors Service has put the ratings of China Merchants Bank and Shanghai Pudong Development Bank (SPDB) under review for possible upgrade, saying the pair had performed better than their peers in recent years.

4 Oct 2003 - 12:00am

In Brief

Century City makes $283m interim gain

Century City International Holdings reported a profit of $283.1 million for the six months to June, from a loss of $199.7 million a year ago. Its property arm, Paliburg Holdings, also recorded an interim profit, of $15.8 million, from a loss of $220.9 million a year ago.

Hong Kong Construction loss broadens to $162m

23 Sep 2003 - 12:00am

Fitch puts SHKP outlook in new light

Two weeks after Sun Hung Kai Properties (SHKP) complained about a weak credit assessment by Fitch Ratings, the ratings agency said yesterday the developer had defied the volatility and prolonged decline in the Hong Kong property market.

2 Aug 2003 - 12:00am

SHKP fires back at Fitch profit and credit assessments

Sun Hung Kai Properties (SHKP) has hit back at a weak credit assessment by Fitch Ratings, which cited a bleak outlook for Hong Kong commercial rents and shrunken profit margins from the firm's core residential development business.

22 Jul 2003 - 12:00am