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September 23, 2022

CCXAP assigns BBBg to Yancheng Oriental Investment & Development Group Co., Ltd.’s proposed USD bonds

Hong Kong, 23 September 2022 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a senior unsecured debt rating of BBBg to the proposed USD bonds to be issued by Oriental Capital Company Limited, an indirect wholly-owned subsidiary of Yancheng Oriental Investment & Development Group Co., Ltd. (“YOID”) (BBBg/stable), and unconditionally and irrevocably guaranteed by YOID.

 

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).