S&P: Confirms that Li Feng's long-term issuer credit rating outlook is "stable"

On April 16, Standard & Poor's confirmed the "BB" long-term issuer credit rating of Li & Fung Limited, also known as "Li Fung". Standard & Poor's also confirmed the "BB" long-term issue rating (recovery rating "3") of the company's senior unsecured notes and the "B" long-term issue rating of its subordinated perpetual hybrid securities.