Fitch: Confirms Shaoxing City's "BBB+" long-term local and foreign currency issuer rating with a "stable" outlook.

On July 10, Fitch confirmed the long-term foreign currency and local currency issuer default rating (IDR) of Shaoxing City Development Group Co., Ltd. (referred to as "Shaoxing Chengfa", formerly known as "Shaoxing City Urban Construction Investment Group Co., Ltd.") as "BBB+" with a "stable" outlook.