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June 28, 2021

CCXAP affirms Guangzhou Fineland Real Estate Development Co Ltd’s Bg+ long-term credit rating, with stable outlook

Hong Kong, 28 June 2021 -- China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has affirmed Bg+ long-term credit rating of Guangzhou Fineland Real Estate Development Co Ltd (“Fineland” or the “Company”), with stable outlook. At the same time, CCXAP has affirmed Fineland’s Bg+ debt rating on USD340 million 13.6% senior notes due 2023.

 

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CCXAP’s public ratings are available at www.ccxap.com (Rating Results) and may be distributed through media and other means. Methodology used in this rating is the Global Rating Methodology for Real Estate Development Industry dated December 2019, available at www.ccxap.com (Rating Methodologies).