Moody's rates SOHO China bonds Ba1

Moody's Investors Service said it assigned a definitive Ba1 rating to the following issuances by SOHO China Ltd.: $600 million 5 ¾% five-year senior unsecured bonds; and $400 million 7 1/8 % 10-year senior unsecured bonds.

Moody's also affirmed the company's Ba1 corporate family rating.

The outlook is stable.

Moody's said the ratings were assigned by evaluating factors that Moody's considers relevant to the credit profile of the issuer, such as the company's: (a) Business risk and competitive position compared with others within the industry; (b) capital structure and financial risk; (c) projected performance over the near to intermediate term; and (d) management's track record and tolerance for risk.

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