China Aoyuan Property Group Limited -- Moody's: China Aoyuan's ratings unaffected by land acquisition (Simplified Chinese translation)
/nwsys/www/images/PBC_148147 ??? ??? – ????? ????? Moody's Investors Service Hong Kong Ltd. ????????? ??? 88 ? ?????? 24 ? ???? (??):852.3758.1350 ???? (??):852.3551.3077 ??? ????? - ???? ????? ???? (??):852.3758.1350 ???? (??):852.3551.3077 ??????: Moody’s Investors Service Hong Kong Ltd. ????????? ??? 88 ? ?????? 24 ? ???? (??):852.3758.1350 ???? (??):852.3551.3077 ??? ????????? 1 ??:???????????????? (?????????????????,???????) ??, 2012 ? 12 ? 10 ?—???????????,???????? ??????????? 34 ???????????????????? B2 ???????,?? B3 ??????????,??????? ????? /?????????:“????????????????? ???????,????????????????????? 2012 ? 6 ?,??????????????? 5.76 ??,????????? ????????????? 34 ???” ??????????????,?????????,???? 2013 ? 11 ???????????????????????????? ??,??????????????????,?????????? ???? 2012 ? 6 ?,??????????(????)880 ???? ??????? 9%? ????????????????????,?????? 50.1 ??? ??????????????????? ????: “???????????????????,??????? ???????????????? ” ?????????,?? 1-2 ????? EBITDA/????????? 2-2.5 ???,?????(?????/????)??? 45-50%? ????????? 2 ???? B2 ??????????????????????????? ????,??????????????????????????? ??????,?????????????????? ???? B2 ??????????????????????????? ??? ???????????????????????????? 2009 ? 3 ??? ?«? ??? ?? ??? »( Moody’s Global Homebuilding Methodology)????????,??? www.moodys.com ????? ?? ???????????????,??? www.moodys.com ????/? ?????????? ????????????????????? 1997 ???,?? 2007 ? 10 ???????????? 2012 ? 6 ? 30 ?,???? 5 ???? ????? 26 ?????? 2012 ? 6 ?,???????????? 880 ???????????? 2012 ? 10 ?????????? Moody’s Investors Service Hong Kong Ltd. ????????? ??? 88 ? ?????? 24 ? ???? (??):852.3758.1350 ???? (??):852.3551.3077 -?- ????????? 3 © 2012,?????????(Moody’s Investors Service, Inc.)?/??????????,?????“??” ( MOODY’S)?????,????? ????????? (“MIS”)???????????????????????????????????? ???????????,??????????????( “?????”)??????????????? ????????????????????????????????????????????????? ?????,?????????????????????????????????,??????:?? ????????????????????????????????????????????????? ???????????????????????,????????????????????????? ????????,???????????????????????????????????????? ????????????????,???????????????????????????????? ???????? ???????????? (?????????)??,??????????,????????????? ??????????????????????????????????????????????,?? ????????????????????????????????????????????????? ????????????????,?????? “???”???,?????????????????? ????,????????????????????????,?????????????,??(?? ?)??????????????????,???????????????????????????? ????????????,??( a)??????????????????????????????? ???????(???????)??????????(?????????????????????? ????????)???????????????????????,?( b)???????????? ??????????????(???????????),??????????,?????????? ??????????????????,?????????????????????????????? ??????????????????????(???)??????????????,??????? ????????????????????????????????????????????????? ????????????????????????????????????????????????? ?????????????????????????? ?? (????(MCO)?????????????)????,????????????(???????? ?????????????)?????????????????,????????????????? ?????????,?????? $1,500 ??? $2,500,000 ???????(MCO)???(MIS) ?????? ??,??? MIS ????????????MCO ??????????????? MIS ????????? ????????????? MCO ?? 5% ???????????????????,????????? ?????? www.moodys.com“???? — ???? — ?????????” ?????? ?????????????????????? Moody’s Investors Service Pty Limited ABN 61 003 399 657 ??, ???????????????,??? 336969????????? 2001 (Corporations Act 2001)? 761G ?? ?????????????????????????,?????????,???? ”????”,??? ?? ”????”????????,???????????????????? 2001 (Corporations Act 2001)? 761G ?????”????” ?????????? ???????, Moody’s Japan K.K.(“MJKK”)? 2010 ? 10 ? 1 ????????????? MJKK ????? ????????????????????????????????,??? “??”(MIS)????? “MJKK”??? MJKK ? Moody's Group Japan G.K.??????????????,? Moody's Group Japan G.K.?????? (MCO)???????? Moody’s Overseas Holdings Inc.????? ??????????????????????????,?????????????????????? ???????????????????????????????,????????????,???? ????????????? ]]>
