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January 05, 2021

CCXAP assigns BBg to Yango Group Co., Ltd.’s proposed 364-day US dollar-denominated notes

Hong Kong, 5 January 2021 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned BBg to the proposed 364-day US dollar-denominated senior notes to be issued by Yango Justice International Limited, a wholly-owned subsidiary of Yango Group Co., Ltd. (“Yango”), and unconditionally and irrevocably guaranteed by Yango.

 

The ultimate rating on the proposed US dollar-denominated notes is contingent upon the receipt of final documents conforming to information already received.

 

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.