CCXAP assigns Ag- to Chengdu Sino-French Ecological Park Investment Development Co., Ltd.’s proposed SBLC-supported USD bonds | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2025.10.15

CCXAP assigns Ag- to Chengdu Sino-French Ecological Park Investment Development Co., Ltd.’s proposed SBLC-supported USD bonds

Hong Kong, 15 October 2025 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a senior unsecured debt rating (credit-enhanced) of A_g- to the proposed SBLC-supported USD bonds to be issued by Chengdu Sino French Ecological Park Investment Development Co., Ltd. (“SFEP” or the “Company”) (BBB_g+/stable). The bonds are fully supported by an irrevocable standby letter of credit (“SBLC”) from Bank of Chengdu Co., Ltd. (“Bank of Chengdu” or the “LC Bank”). The Company intends to use the proceeds for refinancing its existing offshore indebtedness.

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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. Methodologies used in this rating are the Rating Methodology for China’s Local Infrastructure Investment and Financing Companies (July 2022) and the Rating Methodology for Banks (November 2021), available at www.ccxap.com (Rating Methodologies).