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July 06, 2021

CCXAP assigns BBBg+ to Sino-Ocean Group Holding Limited’s proposed US dollar-denominated green notes

Hong Kong, 6 July 2021 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) assigns BBBg+ to the proposed US dollar-denominated senior green notes to be issued by Sino-Ocean Land Treasure IV Limited, a wholly-owned subsidiary of Sino-Ocean Group Holding Limited (“Sino-Ocean”), and unconditionally and irrevocably guaranteed by Sino-Ocean.

 

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

 

Click HERE to download the press release.

 

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).