Fitch Ratings: Withdrawal of Weifang Investment Group "BB+" Long-Term Foreign Issuer Rating

On February 26, Fitch Ratings revoked the "BB+" long-term foreign and local currency issuer default ratings (IDRs) of Weifang Urban Construction and Development Investment Group Co., Ltd (referred to as "Weifang City Investment Group"), with the outlook before the rating withdrawal being stable. At the same time, Fitch also revoked its "BB+" rating on the $270 million senior unsecured bonds due 2027.