Fitch Rates Jingrui's Proposed USD Notes 'B(EXP)'

April 23, 2015 9:41 AM

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(The following statement was released by the rating agency) HONG KONG/SINGAPORE, April 23 (Fitch) Fitch Ratings has assigned Chinese homebuilder Jingrui Holdings Limited's (Jingrui; B/Stable) proposed US dollar senior notes an expected rating of 'B(EXP)' and Recovery Rating of 'RR4'.

The notes are rated at the same level as Jingrui's senior unsecured rating because they constitute direct and senior unsecured obligations of the company. The final rating is subject to the receipt of final documentation conforming to information already received. KEY RATING DRIVERS Margin to Remain...

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