CCXAP assigns first-time long-term credit rating of BBBg+ to Chengdu Economic Development Industrial Investment Group Co., Ltd., with stable outlook. | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2024.11.7

CCXAP assigns first-time long-term credit rating of BBBg+ to Chengdu Economic Development Industrial Investment Group Co., Ltd., with stable outlook.

Hong Kong, 7 November 2024 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned first-time long-term credit rating of BBBg+ to Chengdu Economic Development Industrial Investment Group Co., Ltd. (“CEDI” or the “Company”), with stable outlook. At the same time, CCXAP has assigned senior unsecured debt rating of BBB_g+ to the proposed offshore USD bonds.

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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).