Moody’s affirms CCRE

Moody's Investors Service said it affirmed Central China Real Estate Ltd.’s (CCRE) Ba3 corporate family rating and B1 senior unsecured debt ratings.

The outlook is stable.

"CCRE's Ba3 corporate family rating (CFR) reflects its leading market position in Henan Province and its track record of stable growth in contracted sales over the past five years," Kaven Tsang, Moody's vice president, senior credit officer and lead analyst for CCRE, said in a news release.

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