Fitch rates Yuexiu BBB-

Fitch Ratings said it has assigned Yuexiu Property Co. Ltd. a long-term issuer default rating of BBB- with stable outlook and a senior unsecured debt rating of BBB-.

The agency said it has also assigned Yuexiu's medium-term notes program a BBB- rating and its proposed senior unsecured dollar notes issued under the program an expected BBB-(exp) rating.

The company's ratings benefit from a one-notch uplift from its moderately strong linkage with the state-owned Assets Supervision and Administration Commission of Guangzhou Municipal People's Government.

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