Swire Pacific Ltd. ‘A-‘ Rating Affirmed On Likely Earnings Recovery And Asset Disposals; Outlook Negative

          HONG KONG (S&P Global Ratings) May 21, 2018--S&P Global Ratings today affirmed its 'A-' long-term issuer credit rating on Swire Pacific Ltd. The outlook is negative. At the same time, we affirmed our 'A-' long-term issue rating on the senior unsecured notes that the Hong Kong-based conglomerate guarantees. 
          We affirmed our rating based on our view that Swire Pacific's earnings have bottomed out and will likely improve in the next one to two years. In addition, we expect the company to improve its capital structure and leverage by disposing of its non-core assets to support its high capital expenditure (capex) in the property and beverage segments. T อ่านต่อ…