Hong Kong, 29 January 2026 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a senior unsecured debt rating of Ag to the proposed CNY bonds (ISIN: HK0001249025) to be issued by China Overseas Grand Oceans Finance V (Cayman) Limited (the “Issuer”). The bonds are unconditionally and irrevocably guaranteed by China Overseas Grand Oceans Group Limited (“COGO” or the “Company”, Ag/stable). The issuer is a direct wholly-owned subsidiary of COGO.
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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 Real Estate Development Industry dated December 2019. Available at www.ccxap.com (Rating Methodologies).