CCXAP upgrades Heze Urban Construction Engineering Development Group Co., Ltd.’s long-term credit rating to BBBg+ from BBBg, with stable outlook | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2024.8.20

CCXAP upgrades Heze Urban Construction Engineering Development Group Co., Ltd.’s long-term credit rating to BBBg+ from BBBg, with stable outlook

Hong Kong, 20 August 2024 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has upgraded the long-term credit rating of Heze Urban Construction Engineering Development Group Co., Ltd. (“HUCG” or the “Company”) to BBB_g+ from BBB_g, with stable outlook, reflecting Heze City’s rapid and sustained economic growth and the Company’s key strategic position of infrastructure construction and public services in Heze City.

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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).