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June 24, 2020

Ronshine China Holdings Limited's ratings unaffected by proposed tap issuance

Hong Kong, 24 June 2020 -- China Chengxin (Asia Pacific) Credit Ratings (“CCXAP”) says Ronshine China Holdings Limited’s (“Ronshine China” or the “Company”) (BBg+/Stable) proposed tap issuance on its existing USD250 million 7.35% senior notes due 2023 will not affect the BBg+ rating on the notes.

 

The proposed tap issuance will carry the same terms and conditions as the existing notes. The rating of the notes is equal to the Company’s long-term credit rating.

 

CCXAP’s public ratings are available at www.ccxap.com (Rating Results) and may be distributed through media and other means. Methodology used in this rating is the Global Rating Methodology for Real Estate Development Industry dated December 2019, available at www.ccxap.com (Rating Methodologies).

 

Click here to download the press release.