[ET Net News Agency, 6 November 2019] Moody's Investors Service has assigned a
first-time B2 corporate family rating (CFR) to Redsun Properties Group Limited (01996).
The outlook is positive.
"Redsun's B2 CFR reflects the company's long track record of developing properties in
Jiangsu Province, its quality land bank, as well as its strong sales execution. The rating
also considers the recurring income streams generated from its investment properties,
which improve the stability of its debt servicing," said Cedric Lai, a Moody's Vice
President and Senior Analyst.
Redsun, a Jiangsu-based property developer, has a long operating history that spans over
20 years in the province and has established its brand and track record there.
The company has a solid market position in Jiangsu province, which has a strong economy
with steady property demand. Jiangsu province contributed around 81% of the company's
contracted sales in the first half of 2019. (KL)
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01996 RSUN PPT
Nominal 
0.047 -0.003 (-6.000%) Research Report
06/11/2019 16:52
Moody's assigns first-time B2 CFR to Redsun Properties
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