Fitch gives BBB- to Yuexiu MTNs

Fitch Ratings said it gave BBB- ratings to Yuexiu Real Estate Investment Trust's $1.5 billion medium-term note program and the planned $400 million of senior unsecured notes to be issued under the program.

The program is issued by its wholly owned subsidiary, Yuexiu REIT MTN Co. Ltd. The parent will guarantee the notes sold under the program.

Yuexiu’ issuer rating is BBB-.

The proceeds will be used for general corporate purposes and/or refinancing.

The outlook is stable.

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