Moody's: Hysan unaffected

Moody's Investors Service said that Hysan Development Co. Ltd.'s 2011 full-year results were in line with its expectations and it sees no immediate impact on the company's Baa1 issuer and senior unsecured ratings.

The outlook is stable.

"Hysan's annual results continue to reflect its leading position as the largest commercial landlord in Causeway Bay, and which is further supported by a steady improvement in the operating environment in Hong Kong and the company's prudent approach to management," Moody's assistant vice president and analyst Kaven Tsang said in a news release.

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