Yincheng International Holding Co., Ltd. -- Moody's assigns first-time B2 CFR to Yincheng International; outlook stable

Moody's Investors Service has assigned a first-time B2 corporate family rating (CFR) to Yincheng International Holding Co., Ltd. "Yincheng's B2 CFR reflects the company's long track record and well-recognized brand as a residential property developer in Nanjing, Jiangsu Province," says Danny Chan, a Moody's Assistant Vice President and Analyst. "However, Yincheng's B2 CFR is constrained by its modest operating scale, high geographic concentration and narrow funding access, which will limit the company's financial flexibility," adds Chan.