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November 12, 2019

CCXAP withdraws Beijing Capital Land Ltd.’s ratings

Hong Kong, 12 November 2019 -- China Chengxin (Asia Pacific) Credit Ratings (“CCXAP”) has withdrawn the credit rating on Beijing Capital Land Ltd. (“BCL”) for BCL’s own business reasons. Prior to the rating withdrawal, BCL’s long-term credit rating was AAg- with a stable outlook. Please refer to CCXAP’s policies for withdrawn of credit ratings, available at www.ccxap.com (Rating Process > Rating Definition and Meaning).

 

CCXAP’s public ratings are available at www.ccxap.com (Rating Results). The methodology used in this rating is Rating Methodology of Real Estate Development Industry dated April 2019, available at www.ccxap.com (Rating Methodologies).