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July 05, 2019

CCXAP assigns first-time BBBg+ to Dalian Deta Holding Co., Ltd. with stable outlook; and proposed US dollar-denominated unsecured notes BBBg+

Hong Kong, 5 July 2019 -- China Chengxin (Asia Pacific) Credit Ratings (“CCXAP”) has assigned a first-time long-term credit rating of BBBg+ to Dalian Deta Holding Co., Ltd. (“Deta” or the “Company”). The rating outlook is stable.

 

CCXAP has also assigned Deta’s proposed US dollar-denominated senior unsecured notes with an expected rating of BBBg+. The final rating on the proposed US dollar-denominated notes is contingent upon the receipt of final documents conforming to information already received.

 

CCXAP’s public ratings are available at www.ccxap.com (Rating Results->Corporate Ratings) and may be distributed through media and other means. The methodology used in this rating is Rating Methodology for China’s Local Government Financing Vehicles dated June 2017, available at www.ccxap.com (Rating Process -> Rating Methodology).

 

Click here to download the press release.