Fitch affirmed S.F. Holding's (HKG:6936, SHA:002352) long-term issuer default ratings at "A-" with a stable outlook, according to commentary issued on Monday by the credit ratings firm.

Fitch said the Chinese logistics company's ratings reflect its strong business profile with international and intra-city segments driving long-term growth.

S.F. Holding is expected to maintain its leading position through its dominant presence in important markets, continue business diversification efforts, and maintain near-term returns to shareholders, among other things, Fitch said.

The agency expects revenue to increase 6% this year 2026, with low-to-mid single-digit growth in the near to medium term. EBITDA margins are expected in the 7.7% to 8.1% range for the year through 2028.