(The following statement was released by the rating agency)
HONG KONG, May 18 (Fitch) Fitch Ratings has assigned China-based
property
developer Oceanwide Holdings Co. Ltd.'s (Oceanwide; B/Stable)
proposed US dollar
senior notes a 'B(EXP)' expected rating and a Recovery Rating of
'RR4'.
The notes will be issued by Oceanwide Holdings International
2015 Co., Limited,
a wholly owned subsidiary of Oceanwide. The notes, which will be
guaranteed by
Oceanwide, are rated at the same level as Oceanwid
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