Fitch Ratings has affirmed Hongkong Land Holdings Limited's long-term issuer default rating at 'A' with a stable outlook. Fitch has also affirmed HK Land's senior unsecured rating at 'A'. Firtch said the affirmation reflected the stable rental income from HK Land's investment property portfolio at prime locations in Hong Kong's Central district, which provided strong gross rental income coverage ratios. Its limited exposure to property development also provided stability to HK Land's liquidity and leverage levels.
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