A rating of B+ is better rating than none at all. The piece did repeat that XIN has a model that is different then most Chinese developers...XIN buys the land and builds RIGHT away......shorts, or those sour on XIN can say all you want....but this is GREAT for XIN ;-)
B+ fits Xin perfectly. There is always higher risk when a company goes international. After the brooklyn property is constructed and other international properties start getting developed, you will see that credit rating improve greatly.