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24.01.2014 08:57:00
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Longfor Properties Co. Ltd. -- Moody's: Longfor's land acquisition in Hangzhou will reduce its liquidity buffer
Hong Kong, January 24, 2014 -- Moody's Investors Service, ("Moody's") says that Longfor Properties Company Limited's acquisition of a land parcel in Hangzhou for RMB4.2 billion will reduce its liquidity buffer, but has no immediate impact on its Ba1 corporate family rating, Ba2 senior unsecured ratings, as well as stable ratings outlook, as Longfor has sufficient internal resources to service the land payment.
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