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July 29, 2022

CCXAP affirms ratings of 20 LIIFCs and upgrades ratings of 3 LIIFCs, following the publication of updated methodology for China’s Local Infrastructure Investment and Financing Companies

Hong Kong, 29 July 2022 -- China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has affirmed the ratings of 20 local infrastructure investment and financing companies (“LIIFC”) and upgraded the ratings of 3 LIIFCs in China, following the publication of its updated China’s LIIFC Methodology on 28 July 2022. All of the rating outlooks remain stable.

 

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 Rating Methodology for China’s Local Infrastructure Investment and Financing Companies dated July 2022, available at www.ccxap.com (Rating Methodologies).