2024.10.23
CCXAP assigns BBBg+ to Shangrao Urban Operation (Holding) Group Co., Ltd.’s proposed CNY sustainability bonds
Hong Kong, 23 October 2024 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned an assigned an expected senior unsecured debt rating of BBBg+ to the proposed CNY sustainability bonds to be issued by Shangrao Urban Operation (Holding) Group Co., Ltd. (“SUOG” or the “Company”) (BBBg+/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. 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).