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IFC Development (Corporate Treasury) Limited -- Moody's affirms IFC Development's A2 ratings; outlook stable

Moody's Investors Service has affirmed the A2 issuer rating of IFC Development Limited (IFC). Moody's has also affirmed the A2 rating of IFC Development (Corporate Treasury) Limited's senior unsecured bonds, which are guaranteed by IFC. "IFC's A2 issuer rating recognizes its well-established track record in managing a quality mixed-use commercial complex in Hong Kong, which has demonstrated strong recurring cash flow and profitability across the economic cycles," says Stephanie Lau, a Moody's Vice President and Senior Analyst.