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June 12, 2020

CCXAP announces Changxing Communications Investment Group Co., Ltd.'s rating unaffected by USD bond issuance

Hong Kong, 12 June 2020 -- China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP“) announces that the USD110 million 4.1% bonds due June 2023 (unrated) issued by Changxing Communications Investment Group Co., Ltd. (“CCIG” or the “Company”) will not affect the Company’s BBBg- long-term credit rating and the stable outlook of the rating. The Company intends to use the net proceeds for refinancing certain of its existing indebtedness.

 

This publication does not announce a credit rating action.

 

Click here to download the press release.