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July 16, 2019

CCXAP withdraws the credit rating of China Evergrande Group

Hong Kong, 16 July 2019 -- China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has withdrawn the credit rating on China Evergrande Group (“Evergrande”) due to the public information obtained insufficient to meet our rating requirements. Prior to the rating withdrawal, Evergrande’s long-term credit rating was AAg- with a stable outlook. Please refer to CCXAP’s credit ratings withdrawal policies, available at www.ccxap.com (Rating Services > Rating Definition and Meaning).

 

CCXAP’s public ratings are available at www.ccxap.com (Rating Results). The methodology used in this rating is Rating Methodology of Real Estate Development Industry dated April 2019, available at www.ccxap.com (Rating Methodologies).