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CCXAP assigns first-time Ag+ to Future Land Holdings Co., Ltd. and its proposed notes, outlook stable

Hong Kong, 31 July 2017 -- China Chengxin (Asia Pacific) Credit Ratings (“CCXAP”) has assigned a first-time long-term credit rating of Ag+ to Future Land Holdings Co., Ltd. (“FLH”), and a senior unsecured rating of Ag+ to the proposed USD notes to be issued by New Metro Global Limited and guaranteed by FLH. The rating outlook is stable.

The rating report is placed under the icon "Rating Results". The methodology used in this rating is Global Rating Methodology for Real Estate Development Industry dated May 2017 placed under the icon “Rating Process > Rating Methodology”.

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