Moody’s gives Everbright Sun Hung Kai Baa3

Moody's Investors Service said it assigned a Baa3 long-term issuer rating and Prime-3 short-term issuer rating to Everbright Sun Hung Kai Co. Ltd.

The outlook is stable.

The agency said the long-term issuer rating reflects Everbright Sun Hung Kai's standalone assessment of ba1.

Moody’s said the rating also incorporates a one-notch uplift, based on an assumption of a moderate level of support from the Government of China (A1 stable) via its parent, Everbright Securities Co. Ltd. (Baa3 stable), and ultimate parent, China Everbright Group Ltd., in times of stress.

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