Moody's: Grants Longfa Group a proposed issuance of US dollar bonds a "Baa2" senior unsecured rating.

On March 2, Moody's awarded Chang Development International Limited a "Baa2" senior unsecured rating for its proposed issuance of US dollar bonds. The company is an indirect wholly-owned subsidiary of Changchun Urban Development & Investment Holdings (Group) Co., Ltd. (referred to as "Chang Development Group"), which has a stable Baa2 rating.