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November 20, 2020

CCXAP affirms and withdraws the BBBg+ long-term credit rating of Shangrao Investment Holding Group Co., Ltd.

Hong Kong, 20 November 2020 -- China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has affirmed the credit rating of Shangrao Investment Holding Group Co., Ltd. (“SRIHG” or “the Company”) at BBBg+ with a stable outlook, following the publication of rating methodology for regional and local governments and rating methodology for China’s local infrastructure investment and financing companies on 22 May 2020.


CCXAP has also simultaneously withdrawn the long-term credit rating of SRIHG for its own business reasons. Please refer to CCXAP’s credit rating withdrawal policies, available at (Rating Services > > Rating Definition and Meaning).  


CCXAP’s public ratings are available at (Rating Results). The methodology used in this rating is Rating Methodology of China’s Local Infrastructure Investment and Financing Companies dated May 2020, available at (Rating Methodologies).


Click here to download the press release.