Fitch reaffirms Longfor's existing rating and adjusts the outlook to "stable"

On April 27th, the international rating agency Fitch Ratings released its latest rating report on Longfor Group, confirming the company's existing rating of "BB-" and adjusting the rating outlook to "stable". Fitch projects that Longfor's annual credit debt maturity scale will decrease to 50 billion to 70 billion yuan in the next three years, compared to around 200 billion yuan in the previous three years. Fitch believes that by the end of 2025, Longfor Group's available cash and its continued positive operating cash flow record provide the company with sufficient liquidity buffer to cover near-term debt maturities.