CCXAP assigns Ag+ to Suzhou SND Group Company Limited’s proposed CNY sustainable bonds | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2026.11.10

CCXAP assigns Ag+ to Suzhou SND Group Company Limited’s proposed CNY sustainable bonds

Hong Kong, 10 November 2026 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned senior unsecured debt rating of A_g+ to the proposed CNY bonds to be issued by SND International (BVI) Co., Ltd., an indirect wholly-owned subsidiary of Suzhou SND Group Company Limited (“SNDG” or the “Company”) (A_g+/Stable), and to be unconditionally and irrevocably guaranteed by SNDG.

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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 SNDG’s rating is the Rating Methodology for China’s Local Infrastructure Investment and Financing Companies dated July 2022.