Fitch Ratings: Confirms First City Developments Limited's "BBB-" long-term foreign currency issuer rating with a "negative" outlook.

On April 28th, Fitch Ratings confirmed the long-term foreign currency issuer default rating (IDR) of Beijing Capital City Development Group Co., Ltd. (referred to as "Capital City Development") as "BBB-". Fitch also confirmed the long-term foreign currency IDR of Capital City Development's main overseas investment platform, International Financial Center Property Ltd. (referred to as "IFC"), as "BB+". The outlook remains negative.