Rating agency Moody's affirmed the A1 ratings of the backed senior unsecured notes of Sun Hung Kai Properties (Capital Market) Ltd. and the provisional (P)A1 rating for its multicurrency medium-term note (MTN) program. Both the notes and MTN program are unconditionally and irrevocably guaranteed by SHK PPT (00016.HK) -0.150 (-0.165%) Short selling $25.29M; Ratio 11.526% . Moody's also upgraded its rating outlook from 'Negative' to 'Stable'.Related NewsM Stanley: HK Home Mkt May Be at Start of Upcycle; HENDERSON LAND Upgraded to Overweight, SINO LAND Downgraded to EqualweightThe rating affirmation and outlook adjustment to stable reflects the expectation that SHK PPT's net debt level will continue to decline over the next 2-3 years, benefiting from a significant improvement in contracted sales over the past 12 months and its prudent financial management, Stephanie Lau, Vice President and Senior Credit Officer at Moody's, said. These factors will provide sufficient buffer to withstand potential weakening earnings in a persistently challenging real estate market environment.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-27 12:25.)