Moody's downgrades Zhong An

Moody's Investors Service said it downgraded Zhong An Real Estate Ltd.'s corporate family rating to B2 from B1.

The outlook is negative.

"The downgrade reflects Moody's concern that Zhong An's weak property sales will continue and will negatively affect its liquidity position and credit metrics," Moody's assistant vice president and analyst Franco Leung said in a news release.

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