Thursday, June 30, 2016

Fitch Rates Wuxi Construction and Development's USD Notes Final 'BBB+'

(The following statement was released by the rating agency)

HONG KONG, June 30 (Fitch) Fitch Ratings has assigned Wuxi

Construction and

Development Investment Co., Ltd.'s (WCDI) USD300m 3.25% notes

due 2019 a final

rating of 'BBB+'. The net proceeds of the proposed issue will be

used for WCDI's

infrastructure construction business, repayment of outstanding

debt and general

corporate purposes.

The notes were issued by Xihui Haiwai I Investment Holdings Co.,

Limited (Xihui

Haiwai I), and ar

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