(The following statement was released by the rating agency)
HONG KONG, September 01 (Fitch) Fitch Ratings has affirmed Hong
Kong-based Hysan
Development Company Limited's (Hysan) Long-Term Issuer Default
Rating (IDR) at
'BBB+'. The Outlook is Stable. Fitch has also affirmed Hysan's
senior unsecured
rating and the rating on senior unsecured notes issued by Hysan
(MTN) Limited at
'BBB+'.
The rating affirmation is based on the stable performance of
Hysan's Hong Kong
investment property portfo
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