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July 30, 2020

CCXAP affirms Dalian Deta Holding Co., Ltd.’s long-term credit rating at BBBg+, with stable outlook; and affirms the rating on the US dollar-denominated senior unsecured notes at BBBg+

Hong Kong, 30 July 2020 -- China Chengxin (Asia Pacific) Credit Ratings (“CCXAP”) has affirmed the long-term credit rating of Dalian Deta Holding Co., Ltd. (“Deta” or the “Company”) at BBBg+. The rating outlook is stable. CCXAP has also affirmed the rating on Deta’s USD 300.0 million 5.95% offshore senior unsecured notes due 2022 at BBBg+.

 

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 Rating Methodology for China’s Local Infrastructure Investment and Financing Companies dated May 2020, available at www.ccxap.com (Rating Methodologies).

 

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