Moody's affirms Lai Fung

Moody's Investors Service said it affirmed Lai Fung Holdings Ltd.'s B1 corporate family rating and senior bond rating in view of the successful closing of its $200 million bond issuance. Both ratings have had their provisional status removed.

The outlook is stable.

Lai Fung Holdings is the China property arm of Lai Sun Group and focuses on mid-market property development and investment in Guangzhou and Shanghai.

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