TEXT-S&P Rates Sunac China's Proposed Senior Unsecured Notes 'B+'

HONG KONG (Standard & Poor's) Oct. 5, 2012--Standard &
Poor's Ratings Services said today that it had assigned its 'B+'
issue rating and 'cnBB-' Greater China regional scale issue
rating to the proposed issue of U.S.-dollar fixed-rate senior
unsecured notes by Sunac China Holdings Ltd. (BB-/Negative/--;
cnBB/--). The ratings are subject to our review of the final
issuance documentation. The company will use the net proceeds
from the proposed issuance to finance new land acquisitions and
for gene

Source: http://feeds.reuters.com/~r/reuters/financialsNews/~3/6Xtn5PtdTdU/markets-ratings-sunacchina-idUSWNA690120121005

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