OREANDA-NEWS. November 17, 2015. Fitch Ratings has withdrawn its 'BBB(EXP)' rating on Qingdao City Construction Investment Group's (BBB+/Stable) proposed US dollar senior perpetual capital securities. Fitch is withdrawing the rating as the group has decided not to proceed with the proposed issue.

The securities were to have been issued by Qingdao City Construction's wholly owned subsidiary Hongkong International (Qingdao) Company Limited (HIQC). The expected rating was assigned on 10 September 2015.

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