Moody’s rates Zhenro Properties B2

Moody's Investors Service said it assigned a B2 corporate family rating to Zhenro Properties Group Ltd.

The outlook is stable.

"Zhenro's B2 corporate family rating reflects the company's quality and geographically diversified land reserve, large scale and strong sales execution," Cedric Lai, Moody's assistant vice president and analyst, said in a news release.

"Zhenro's B2 corporate family rating is constrained by its weak financial metrics, as a result of its debt-funded rapid growth, weak liquidity position and limited access to funding."

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