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December 31, 2019

CCXAP assigns first-time BBg+ to Zhuhai Huafa Industrial Co., Ltd., with stable outlook

Hong Kong, 31 December 2019 -- China Chengxin (Asia Pacific) Credit Ratings (“CCXAP”) has assigned a first-time long-term credit rating of BBg+ to Zhuhai Huafa Industrial Co., Ltd. (“Huafa”). The rating outlook is stable.

Click HERE to download the press release.

CCXAP’s public ratings are available at (Rating Results) and may be distributed through media and other means. The methodology used in this rating is Rating Methodology for Real Estate Development Industry dated December 2019, available at (Rating Process -> Rating Methodology).