CCXAP assigns BBBg+ to Pingdu City Development Group Co., Ltd’s proposed CNY sustainable bonds. | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2026.6.24

CCXAP assigns BBBg+ to Pingdu City Development Group Co., Ltd’s proposed CNY sustainable bonds.

Hong Kong, 24 June 2026 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a senior unsecured debt rating of BBB_g+ to the proposed sustainable CNY bonds to be issued by Wansheng International (BVI) Co., Ltd., an indirect wholly-owned subsidiary of Pingdu City Development Group Co., Ltd. (“PDCD”) (BBB_g+/ Stable), and to be unconditionally and irrevocably guaranteed by PDCD.

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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).