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Fitch Assigns Zhuzhou City Construction Development First-Time 'BBB-' Rating; Outlook Stable

by www.reuters.com
(The following statement was released by the rating agency) HONG KONG, October 11 (Fitch) Fitch Ratings has assigned Zhuzhou City Construction Development Group Co., Ltd. (ZCCD) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of 'BBB-' with a Stable Outlook. At the same time, Fitch has assigned ZCCD's proposed senior unsecured US dollar notes an expected rating of 'BBB-(EXP)'. The offshore notes will be issued by ZCCD directly. The proposed notes will constitute direct,
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