News & Events

Hong Kong, 5 December 2018 -- China Chengxin (Asia Pacific) Credit Ratings (“CCXAP”) has assigned a first-time long-term credit rating of BBBg+ to Guangxi Liuzhou Dongcheng Investment Development Group Co., Ltd., (“GLD” or the “Company”). The rating outlook is stable.

CCXAP has also assigned GLD’s proposed US dollar-denominated senior unsecured notes with an expected rating of BBBg+. The final rating on the proposed US dollar-denominated notes is contingent upon the receipt of final documents conforming to information already received.

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).