Moody's: Country Garden unchanged

Moody's Investors Service said that Country Garden Holdings Co. Ltd.'s 2012 interim results are generally in line with expectations and support the company's Ba3 corporate family and senior unsecured debt ratings.

The outlook remains stable.

"Country Garden's contracted sales in the first seven months amounted to RMB 22.1 billion, a 7% year-on-year decrease, but it still attained 51% of its full-year target, which is generally in line with Moody's projection," Moody's vice president and senior analyst Jonathan Lee said in a news release.

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