Moody's: Longfor unchanged

Moody's Investors Service said that Longfor Properties Co. Ltd.'s robust first half 2012 result is credit positive and it continues to support its Ba2 corporate family rating.

The outlook is stable.

"Longfor reported a strong 85.3% year-on-year growth in revenue to RMB 14.6 billion in the first half of 2012, supported by its strong ability for delivering on sales in the first half of 2012," Moody's vice president and senior analyst Kaven Tsang said in a news release.

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