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2024.7.31
CCXAP upgrades Chengdu Xingjin Construction Development & Investment Group Co., Ltd.’s long-term credit rating to Ag-, with stable outlook

Hong Kong, 31 July 2024 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has upgraded the long-term credit rating of Chengdu Xingjin Construction Development & Investment Group Co., Ltd. (“XCDI” or the “Company”) from BBBg+ to Ag-, with stable outlook. At the same time, CCXAP has drawn its decision to upgrade the senior unsecured debt rating of Ag- to the Company.

 

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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. 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).