(The following statement was released by the rating agency)
HONG KONG, December 29 (Fitch) Fitch Ratings says there is no
rating impact on
Yuexiu Property Company Limited's (YXP; BBB-/Stable) US dollar
notes due 2023
after the China-based homebuilder switched the issuer of the
notes to a wholly
owned subsidiary.
Leading Affluence Limited, a wholly owned subsidiary of YXP,
took YXP's place as
the issuer of the 2023 senior unsecured notes, which were issued
under YXP's
medium-term note progr
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