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NEW WORLD DEV Rated 'A' by Credit Rating Agencies JCR, R&I
Recommend 18 Positive 29 Negative 8 |
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Japan Credit Rating Agency (JCR) and Rating & Investment Information Inc.(R&I) initiated issuer ratings of 'A' for NEW WORLD DEV (00017.HK), with a stable outlook, according to NEW WORLD DEV's announcement. The ratings reflect NEW WORLD DEV's credit worthiness, with earnings base backed by its business scale and brand power, as well as its medium-term business strategy and financial policy, JCR said. In Hong Kong, NEW WORLD DEV has a vast rural agricultural land reserve of low book value in the suburban area, which makes it possible to replenish land bank at lower cost by making effective use of the Hong Kong government's policy scheme that facilitates the conversion of agricultural land, according to R&I. AAStocks Financial News |
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