Moody’s gives Guangzhou Fineland B2

Moody's Investors Service said it assigned a B2 corporate family rating to Guangzhou Fineland Real Estate Development Co., Ltd.

The outlook is stable.

"Guangzhou Fineland's B2 corporate family rating reflects the company's long operating track record and established brand in its core Guangdong market," Kaven Tsang, Moody's vice president and senior credit officer, said in a news release.

"The B2 corporate family rating also considers the company's adequate liquidity – with its cash holdings fully covering its near-term refinancing needs – and good funding access through banks with which it has good relationship."

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