We expect Sun Hung Kai Properties (SHKP) to maintain its leading market position in property development in Hong Kong and China with low debt leverage over the next 12-24 months. We are affirming our 'A+' long-term corporate credit rating on SHKP. We are also affirming the 'A+' issue rating on the company's guaranteed senior unsecured notes. The stable outlook reflects our expectation that SHKP will maintain its competitive position, strong rental income, and disciplined land acquisition over the next 24 months. On Oct. 30, 2017, S&P Global Ratings affirmed its 'A+' corporate credit rating on Sun Hung Kai Properties Ltd. (SHKP). The outlook is stable. We also affirmed our 'A+' issue rating on the senior unsecured notes that SHKP guarantees.
