trending Market Intelligence /marketintelligence/en/news-insights/trending/uNqPtLbfE1cILv_5hQQ2YA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

S&P upgrades Cheung Kong Property Holdings ratings

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


S&P upgrades Cheung Kong Property Holdings ratings

S&P Global Ratings upgraded Cheung Kong Property Holdings Ltd.'s long-term corporate credit rating to A from A-, with a stable outlook.

The rating agency also upgraded its long-term issue rating on the company's guaranteed senior unsecured debt to A from A- and affirmed its cnAA+ long-term Greater China regional scale rating on the company and its guaranteed senior debts.

The rating agency attributed the upgrades to CKP's good financial position and the agency's expectation that the company can absorb active investments, given its strong cash flow from property sales and increasing recurring income.

S&P expects CKP's financial leverage to increase, given its nonproperty investments that totaled about HK$30 billion in early 2017. The agency projects that CPK's debt-to-EBITDA ratio will increase to about 2.3x in 2017 and 2018, from about 1.5x in 2016.

The stable outlook, meanwhile, reflects S&P's expectations that the company will remain careful in its new investments, which will lead to an increase in the company's recurring income, and that the company's core property business will continue to have steady contracted sales and stable rental income.

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