Fitch: Affirms Chengdu TianTou Group's "BBB" Long-Term Local and Foreign Currency Issuer Rating, Outlook "Stable"

On August 14, Fitch confirmed the long-term foreign currency and local currency issuer default ratings (IDR) of Chengdu Tianfu New Area Investment Group Co., Ltd. (referred to as Chengdu Tianfu Group) as BBB. Outlook stable. Fitch also affirmed the rating of the companys $300 million senior unsecured bonds with a coupon rate of 5.45% as BBB.