OREANDA-NEWS. November 17, 2015. The following announcement replaces the one published earlier on 13 November 2015 to correct the reason for the withdrawal.

Fitch Ratings has withdrawn its 'BBB(EXP)' rating on Qingdao City Construction Investment Group's (BBB+/Stable) proposed US dollar senior perpetual capital securities.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 to seek a private placement, instead of the proposed note 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.