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December 31, 2019

CCXAP assigns Shangrao Investment Holding Group Co., Ltd. long-term credit rating at BBBg+, with stable outlook

Hong Kong, 31 December 2019 -- China Chengxin (Asia Pacific) Credit Ratings (“CCXAP”) has assigned the long-term credit rating of Shangrao Investment Holding Group Co., Ltd. at BBBg+. The rating outlook is stable.

CCXAP’s public ratings are available at (Rating Results) and may be distributed through media and other means. Methodology used in this rating is the Rating Methodology for China’s Local Government Financing Vehicles dated June 2017, available at (Rating Methodologies).

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