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Fitch affirms rating on Central China Real Estate

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Fitch affirms rating on Central China Real Estate

Fitch Ratings affirmed its BB- long-term issuer default rating on Central China Real Estate Ltd., with a stable outlook.

Fitch said the rating reflects the company's position as a leading real estate developer in the province of Henan, China, along with its diverse housing products and growth in the areas of rental properties and project management.

The rating agency also noted Central China Real Estate's healthy financial profile.