The credit ratings of Hong Kong property firms could come under pressure as a result of changing housing policy objectives and a tough operating environment, Moody's Investors Service has warned in a report.Friday, 2 April, 1999, 12:00am
Bank of East Asia (BEA) chairman and chief executive David Li Kwok-po yesterday described as unwarranted the decision by Moody's Investors Service to downgrade ratings for the bank, claiming the move overlooked several key factors. Moody's said on Thursday it was downgrading its ratings for BEA and Wing Hang Bank. It said the move reflected BEA's 'above average' risk profile.19 Dec 1998 - 12:00am
Wharf (Holdings) slid 5.71 per cent to $11.55 per share yesterday after executive director John Hung revealed it has had difficulty in raising new funds amid tight liquidity in the banking industry and the depressed equity market.
Mr Hung said Wharf's managers had visited 'every conceivable market in recent months to raise money'.2 Dec 1998 - 12:00am
Moody's Investors Service yesterday changed the review direction of the ratings of Guangdong Enterprises (Holdings) to uncertain from possible downgrade as it pointed to a probable improvement in the company's operations.
The United States credit rating agency said the company's long-term foreign debt ratings remained on review but it saw a chance for an upgrade.5 Nov 1998 - 12:00am
Fuji Bank's senior debt rating is not on review for further possible downgrade by Moody's Investor Services as stated in Business Post on August 29. It has a debt rating of Baa2.9 Sep 1998 - 12:00am
IT was plain bad luck that the announcement of a major international credit rating agency putting the ratings of the Hong Kong Government and 14 top local corporations under review for possible downgrading should have coincided with the unveiling of the SAR's economic rescue package.28 Jun 1998 - 12:00am
Moody's Investors Service has placed Swire Pacific and its subsidiaries' debts under review for a possible downgrade.
Moody's said the reassessment reflected concerns over Swire's changing business profile from that of a diversified conglomerate to a company more reliant on its property development and investment dealings.9 Jun 1998 - 12:00am
Ratings agency Moody's Investors Service demonstrated its confidence in the mainland's ongoing reforms yesterday by saying its sovereign foreign-currency rating is on solid ground and can improve depending on the outcome of the 15th Communist Party Congress.16 Sep 1997 - 12:00am