trending Market Intelligence /marketintelligence/en/news-insights/trending/eok3x4uKKPwpy50fnDKdeA2 content esgSubNav
In This List

S&P affirms Swire Pacific's rating, says outlook remains negative

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Understanding Loss Given Default A Review of Three Approaches

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends


S&P affirms Swire Pacific's rating, says outlook remains negative

S&P Global Ratings affirmed Swire Pacific Ltd.'s long-term corporate credit rating at A-, with a negative outlook.

The rating agency said the affirmation reflects its expectations that Swire Pacific's financial leverage will recover in 2019, with improvement in property rental and beverage income as well as decline in capital expenditure, which should restore the company's financial strength. In addition, S&P believes the company will maintain financial ratios that are commensurate with the rating.

The negative outlook, meanwhile, was due to expectations that the company's earnings are likely to remain weak over the next 12 to 18 months.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.