Tuesday, June 21, 2016

Fitch Assigns Yunnan Metropolitan Construction Investment 'BBB+' Ratings; Outlook Stable

(The following statement was released by the rating agency)

HONG KONG, June 21 (Fitch) Fitch Ratings has assigned

China-based Yunnan

Metropolitan Construction Investment Group Co., Ltd. (YMCI)

Long-Term Foreign-

and Local-Currency Issuer Default Ratings (IDR) of 'BBB+' with a

Stable Outlook.

Fitch has also assigned YMCI's proposed senior unsecured US

dollar notes an

expected rating of 'BBB+(EXP)'. The notes will be issued in the

offshore market

and by YMCI's wholly owned subsidiary, Caiyun

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