Fitch gives Greenland Holding notes BBB-

Fitch Ratings said it has assigned Greenland Holding Group Co. Ltd.'s (BBB-/stable) proposed senior unsecured notes an expected rating of BBB-(exp).

The notes denominated in dollars will be issued by its indirect wholly owned subsidiary, Greenland Global Investment Ltd., for overseas expansion.

The agency said that the rating benefits from the company’s stature as a large and diversified homebuilder as Greenland is one of the top three homebuilders in China.

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