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China Overseas Land and Investment Limited Upgraded to “A-” by Fitch; Outlook Stable Author:China Overseas Land and Investment Ltd.

(Hong Kong, 21 December 2015) China Overseas Land and Investment Limited (“COLI”, or the “Company”; Stock Code: 00688.HK) is delighted to announce that Fitch Ratings has upgraded COLI Long-Term Issuer Default Rating (IDR) to “A-” from “BBB+”. The Outlook is stable. Fitch has also upgraded COLI’s foreign-currency senior unsecured rating and the notes guaranteed by COLI to “A-” from “BBB+”, with immediate effective on 18 December 2015.

This upgrade by Fitch reflects COLI and its parent company’s strategic importance in China’s homebuilding operations; and is a confirmation to the Company’s continuous growth; strong cash generation ability; liquidity from diversified funding and strong business profile.

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