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Published on 2/14/2014 in the Prospect News Emerging Markets Daily.

Fitch gives China Resources Land BBB+

Fitch Ratings said it has assigned China Resources Land Ltd. a long-term issuer default rating of BBB+ and senior unsecured rating of BBB+.

The outlook is stable.

Fitch said it has also assigned CR Land's U.S. dollar medium-term note program a BBB+ rating.

CR Land's ratings are supported by its business model of maximizing operating cash flow from its development properties to support the expansion of its investment property portfolio, the agency said.


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