News & Events
2017.11.2
CCXAP assigns first-time BBBg- to Tongren Transport & Tourism Development & Investment Group Co., Ltd and Ag-3 to its USD short-term senior bonds, outlook stable
Hong Kong, 2 November 2017 -- China Chengxin (Asia Pacific) Credit Ratings (“CCXAP”) has assigned a first-time long-term credit rating of BBBg- to Tongren Transport & Tourism Development & Investment Group Co., Ltd (“TTT”), and a short-term credit rating of Ag-3 to its USD short-term senior bonds. The rating outlook is stable.
Click HERE to download the press release.
CCXAP’s public ratings are available at www.ccxap.com (Rating Results->Corporate Ratings) and may be distributed through media and other means. The methodology used in this rating is Rating Methodology for China’s Local Government Financing Vehicles dated June 2017, available at www.ccxap.com (Rating Process -> Rating Methodology).