S&P: Yuexiu Property BBB-

Standard & Poor’s said it assigned a BBB- long-term corporate credit rating to Yuexiu Property Co. Ltd., along with a cnA- long-term Greater China regional scale rating.

The outlook is stable.

The ratings reflect the company’s established market position and long development track record in Guangzhou, its proven capability of injecting commercial properties into its real estate investment trust and support from its parent, S&P said.

These strengths are moderated by Yuexiu Property’s high geographic concentration, short record of managing a portfolio of high-quality investment properties, aggressive growth appetite and weaker financial strength than peers, the agency said.

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