Fitch rates Sino-Ocean notes BBB-

Fitch Ratings said it assigned Sino-Ocean Group Holding Ltd.'s planned U.S. dollar notes a BBB- rating. The notes will be issued by Sino-Ocean Land Treasure IV Ltd., a wholly owned subsidiary of Sino-Ocean Group.

The notes are rated at the same level as Sino-Ocean Group's senior unsecured rating, as they will be guaranteed by the company, Fitch said.

The outlook is stable.

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