Fitch gives Lanzhou Construction BBB-

Fitch Ratings said it assigned Lanzhou Construction Investment (Holding) Group Co., Ltd. long-term foreign- and local-currency issuer default ratings of BBB-. The outlook is stable.

The agency said the ratings are assessed under Fitch's government-related entities rating criteria, reflecting its strategic importance to Lanzhou municipality and strong government incentive to support.

“The government maintains solid control and oversight over LZJT's management appointments and operations,” the agency said in a news release.

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