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May 28, 2020

CCXAP assigns Jiangsu Yueda Group Co., Ltd.’s proposed US dollar-denominated bonds BBBg-

Hong Kong, 28 May 2020 -- China Chengxin (Asia Pacific) Credit Ratings (“CCXAP”) has assigned BBBg- to the proposed US dollar-denominated senior unsecured bonds to be issued by Jiangsu Yueda Group Co., Ltd.


The ultimate rating on the proposed US dollar-denominated bonds is contingent upon the receipt of final documents conforming to information already received.


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 Business and Customer Service Companies dated December 2019, available at (Rating Methodology).


Click here to download the press release.