(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.

China Overseas Land & Investment Limited issued this content on 2015-12-21 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-21 10:35:17 UTC

Original Document: http://www.coli.com.hk/En/Media/detail.aspx?ListID=3701&InfoID=3473