Fitch rates Yangzhou Slender West Lake Tourism BB+

Fitch Ratings said it assigned Yangzhou Slender West Lake Tourism & Development Group Co., Ltd. long-term foreign and local currency issuer default ratings of BB+.

The outlook is stable.

The agency said the ratings are credit-linked to, but not equalized with, Fitch's internal assessment of Yangzhou municipality in eastern China.

“The link is reflected in SWL's very strong status, ownership and control by the government, its moderate level of support and the weak socio-political and strong financial implications of a default,” Fitch said in a news release.

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