CCXAP assigns Ag+ to Linzhou City Investment Holdings Co., Ltd.’s proposed guaranteed CNY bonds | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2024.7.19

CCXAP assigns Ag+ to Linzhou City Investment Holdings Co., Ltd.’s proposed guaranteed CNY bonds

Hong Kong, 19 July 2024 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a senior unsecured debt rating (guaranteed) of A_g+ to the proposed guaranteed CNY bonds to be issued by Linzhou City Investment Holdings Co., Ltd. (“LZIH”) (BBB_g-/stable). The bonds will be unconditionally and irrevocably guaranteed by Henan Zhongyu Credit Promotion Co., Ltd. (“HZCP”) (A_g+/stable).

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CCXAP’s public ratings are available at www.ccxap.com (Rating Results) and may be distributed through media and other means. Methodologies used in this rating are the Rating Methodology for China’s Local Infrastructure Investment and Financing Companies dated July 2022 and the Rating Methodology for Financial Guarantors dated January 2022, available at www.ccxap.com (Rating Methodologies).