The official listing of FWD (01828.HK) +0.050 (+0.132%) on the Main Board of Hong Kong Stock Exchange today is expected to reduce its financial leverage, improve financial flexibility and result in a more balanced capital structure, Rating agency Fitch said. Therefore, Fitch assigned a long-term Issuer Default Rating of ‘BBB+’ with a Stable outlook.Related NewsHSBC Research Sees Signs of Improvement in HK Office Mkt, Recommends SWIREPROPERTIES, Hongkong LandFitch expected the Group's consolidated financial leverage ratio (25% at the end of 2024) to decline if the IPO proceeds are used, in part or in full, to redeem existing debt instruments. A reduction in debt would also lower interest expenses, thereby contributing to a higher net profit.(HK stocks quote is delayed for at least 15 mins.)