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Fitch Affirms Yuzhou Properties at 'BB-'; Outlook Stable

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(The following statement was released by the rating agency) HONG KONG, August 01 (Fitch) Fitch Ratings has affirmed Yuzhou Properties Company Limited's (Yuzhou) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB-'. The Outlook on the IDR is Stable. Fitch has also affirmed Yuzhou's senior unsecured rating and the ratings on its outstanding US dollar bonds at 'BB-'. The China homebuilder's ratings are supported by its strong contracted sales growth, region diversification, and favo...

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