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December 30, 2020

CCXAP affirms Zhuhai Huafa Industrial Co., Ltd.’s long-term credit rating at BBg+, with stable outlook

Hong Kong, 30 December 2020 -- China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has affirmed the long-term credit rating of Zhuhai Huafa Industrial Co., Ltd. (“Huafa Industrial” or the “Company”) at BBg+. The rating outlook is stable.


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 Global Rating Methodology for Real Estate Development Industry dated December 2019, available at (Rating Methodologies).


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