Fitch rates China Properties notes B-

Fitch Ratings said it affirmed China Properties Group Ltd.'s long-term foreign currency issuer default rating and senior unsecured rating at B-.

The outlook is stable.

The agency also assigned the company a long-term local currency issuer default rating of B- with stable outlook, and assigned CPG's proposed senior unsecured notes denominated in offshore Chinese yuan an expected B-(EXP) rating.

The notes are rated in line with CPG's senior unsecured rating of B- as they will represent direct, unconditional and unsecured obligations of the company.

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