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Moody's assigns B1 to Central China's proposed USD bonds
 Moody's Investors Service said it has assigned a
B1 senior unsecured rating to the proposed USD bond to be issued by Central China Real 
Estate Limited (00832) (CCRE, Ba3 stable).
  CCRE will use the proceeds from the proposed bonds to refinance existing debt.
  "The proposed bonds - which will be mainly used for debt refinancing - will not have a 
material impact on CCRE's credit metrics, but they will improve the company's liquidity
and debt maturity profile," says Kaven Tsang, a Moody's Vice President and Senior Credit 
Officer and also the Lead Analyst for CCRE.

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