Fitch Affirms China Resources Land at 'BBB+'; Outlook Stable
(The following statement was released by the rating agency)
HONG KONG, March 23 (Fitch) Fitch Ratings has affirmed China
Ltd's (CR Land) Long-Term Issuer Default Rating (IDR) at 'BBB+'.
The Outlook is
Stable. Fitch has also affirmed the Chinese homebuilder's
senior unsecured ratings and its rated issues at 'BBB+'.
The affirmation reflects CR Land's stable financial profile,
which is based on a
business model of maximising operating cash flow from