Jardine Strategic Holdings Ltd. http://www.alacrastore.com/company-snapshot/Jardine_Strategic_Holdings_Ltd-1019884 Saturday, October 11, 2008 3:25:13 AM 1019884 Jardine Strategic Holdings Ltd. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/660304spcred/660304normThe latest News from S&Pglobalstructured7/18/2008 3:06:45 AM100News660304BermudaIndustrial ConglomeratesAsiaEmerging MarketsLatin AmericaGlobal IssuersStructured FinanceCorporationsReal Estate CompaniesNewsHONG KONG (Standard&Poor's) July 18, 2008--Standard&Poor's Ratings Services said today that it had raised the long-term corporate credit rating on Jardine Strategic Holdings Ltd. (the Jardine group) to 'A–' from 'BBB+'. The outlook is stable. At the same time, Standard&Poor's raised the issue rating on US$300 million senior unsecured notes due 2011 issued by Jardine Strategic Finance Ltd. to 'A–' from 'BBB+'. Jardine Strategic guarantees the notes. "The upgrade reflects the sustained improvement in the Jardine group's credit ratios over the past three years because of good profitability, strong free cash flow generation, and debt reduction. These improvements came on the back of significant capital-return initiatives, including special dividends and share buybacks," said StandardBMU47111920105010 201050 2010 20Jardine Strategic Holdings Ltd.355118ASIAEMERGINGLATAMERICAJS@SPNEWSGLOBISSSTRUCCORPRECCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/660305spcred/660305normThe latest Research Update from S&Pglobalstructured7/18/2008 3:06:45 AM175Research Update660305BermudaIndustrial ConglomeratesAsiaEmerging MarketsLatin AmericaGlobal IssuersStructured FinanceCorporationsReal Estate CompaniesResearch UpdateOn July 18, 2008, Standard&Poor's Ratings Services raised the long-term corporate credit rating on Jardine Strategic Holdings Ltd. (the Jardine group) to 'A–' from 'BBB+'. The outlook is stable. At the same time, Standard&Poor's raised the issue rating on US$300 million senior unsecured notes due 2011 issued by Jardine Strategic Finance Ltd. to 'A–' from 'BBB+'. Jardine Strategic guarantees the notes. The upgrade reflects the sustained improvement in the Jardine group's credit ratios over the past three years because of good profitability, strong free cash flow generation, and debt reduction. These improvements came on the back of significant capital-return initiatives, including special dividends and share buybacks. We believe the group's future profitability will likely be robust--despiteBMU47111920105010 201050 2010 20Jardine Strategic Holdings Ltd.355118ASIAEMERGINGLATAMERICAJS@SPRESUPDHKG47111740201030 402010 4020 4040403010 404030 4040 40Hongkong Land Holdings Ltd.Jardine Strategic Finance Ltd.347031357059EMERGINGLATAMERICAASIAHKL@SPGLOBISSSTRUCCORPRECCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_600008727moodys/COP_600008727htmlGlobal Credit Research Credit Opinion # JUN #### Credit Opinion: Jardine Strategic Holdings Limited Jardine Strategic Holdings Limited Bermuda Ratings Category Moody's Rating Jardine Strategic Finance Ltd Outlook Stable Bkd Senior...1/2/2008 7:28:00 PMhtmlJardine Strategic Holdings LimitedJardine Strategic Holdings Limited600008727150.0000NewsCredit OpinionCOP_600008727Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PBC_102966moodys/PBC_102966pdfAnalysis12/7/2007 12:14:32 AM...The Baa# rating reflects the Jardine Group s quality cash flow generated from a very diverse business portfolio its geographical diversification and strong business franchises. It also reflects the Group's predictable and progressive business strategies, underscored by its pr udent business and financial practices. The rating further considers the Group's strong financial flexibility and liquidity. On the other hand, the Group s investments in PT Astra International Tbk (Astra), a diversified business operation in Indonesia, has resulted in increased exposure to emerging markets, where operating environments are volatile with high market uncertainties and regulatory risks. ... Jardine Strategic Holdings Limited600008727300.0000AnalysispdfJardine Strategic Holdings LimitedPBC_102966Credit & Investment ResearchMoody's Global Credit Research