CCXAP affirms Jiangsu Fuxuan Industrial Co., Ltd.’s long-term credit rating at BBBg-, with stable outlook | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2026.11.4

CCXAP affirms Jiangsu Fuxuan Industrial Co., Ltd.’s long-term credit rating at BBBg-, with stable outlook

Hong Kong, 4 November 2026 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has affirmed the long-term credit rating of Jiangsu Fuxuan Industrial Co., Ltd. (“JSFX” or the “Company”) at BBBg-, with stable outlook. At the same time, CCXAP has affirmed JSFX’s senior unsecured debt rating (SBLC-supported) at Ag+. The bond (ISIN: HK0001268686) was fully supported by an irrevocable SBLC from Bank of Jiangsu, Yancheng Branch.

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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, and the Rating Methodology for Banks dated November 2021, available at www.ccxap.com (Rating Methodologies).