Moody's: Central China unaffected

Moody's Investors Service said it sees no immediate effect on Central China Real Estates Ltd.'s Ba3 corporate family or B1 senior unsecured ratings after the company's announcement that it will raise ¥900 million in trust financing from Bridge Trust.

The outlook remains stable.

"The trust financing, coming after the Singapore dollar bond issuance earlier this month, will further improve Central China's liquidity and debt maturity profile," Moody's assistant vice president and analyst Kaven Tsang said in a news release.

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