Fitch Ratings: Confirmed the "BBB-" long-term issuer rating outlook of Linyi Cheng Group as "stable", then withdrew the rating.

On March 13, Fitch confirmed the long-term foreign currency and local currency Issuer Default Ratings (IDRs) of Linyi City Development Group Co., Ltd. (referred to as "Linyi Chengfa Group") as "BBB-" with a stable outlook. At the same time, Fitch has withdrawn all ratings of Linyi City Development Group Co., Ltd.