Moody's Investors Service has affirmed Jardine Strategic Holdings Limited's A1 issuer rating. "The rating affirmation reflects Jardine Group's diversified business portfolio across Asia, its maintenance of a strong financial profile throughout the cycles and its excellent liquidity," says Gloria Tsuen, a Moody's Vice President and Senior Credit Officer. Jardine's earnings and cash flow will fall in 2020, and its credit ratios will weaken because of its subsidiary The Hongkong Land Company, Limited's (A2 stable) sizeable land acquisition, as well as due to weaker demand against the backdrop of the pandemic-led disruptions and weakening macro conditions.