Fitch rates Qingdao Jimo Tourism bonds BBB-

Fitch Ratings said it rated Qingdao Jimo District Urban Tourism Development and Investment Co. Ltd.'s planned dollar-denominated senior unsecured bonds BBB-. The bonds will be issued by Jingming Yuantong Development Investment (BVI) Co., Ltd., and guaranteed by Jimo Tourism, which Fitch also rates BBB-.

The proceeds will be used for Jimo Tourism's project development and working-capital replenishment.

The outlook is stable.

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