CCXAP upgrades Zhejiang Changxing Financial Holdings Group Co. Ltd.’s long-term credit rating to BBBg+, with stable outlook | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2024.11.6

CCXAP upgrades Zhejiang Changxing Financial Holdings Group Co. Ltd.’s long-term credit rating to BBBg+, with stable outlook

Hong Kong, 6 November 2024 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has upgraded the long-term credit rating of Zhejiang Changxing Financial Holdings Group Co. Ltd. (“ZCFH” or the “Company”) to BBB_g+, with stable outlook. At the same time, CCXAP has upgraded ZBHT’s senior unsecured debt rating to BBBg+ from BBBg.

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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).