Fitch: No Immediate Impact on Country Garden's Ratings from Ping An Investment

April 2, 2015 10:12 AM

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(The following statement was released by the rating agency) HONG KONG, April 02 (Fitch) Fitch Ratings says there is no immediate impact on Country Garden Holdings Co.

Ltd's (Country Garden; BB/Positive) ratings from Ping An Insurance (Group) Company of China Limited's (Ping An) equity investment in the property developer. However, further strategic and business alliances between the two companies may spur positive rating action. Country Garden on 1 April 2015 sai...

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