(The following statement was released by the rating agency)
HONG KONG, October 28 (Fitch) Fitch Ratings has affirmed Hong
Hung Kai Properties Limited's (SHKP) Long-Term Issuer Default
Rating (IDR) at
'A' and its Short-Term IDR at 'F1'. The Outlook is Stable. Fitch
affirmed SHKP's senior unsecured rating at 'A' and the senior
issued by Sun Hung Kai Properties (Capital Market) Ltd at 'A'.
The affirmation reflects the delivery of strong and stable
HONG KONG, Sept 8 Hong Kong's largest developer
Sun Hung Kai Properties said on Thursday contracted
sales hit a record high for the fiscal year ended June, with a
top company executive saying the trend is expected to continue
in the current fiscal year.