Thursday, December 29, 2016

Fitch: No Rating Impact on Yuexiu's Notes from Issuer Change

(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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