CCXAP affirms Guangxi Liuzhou Dongcheng Investment Development Group Co., Ltd.’s long-term credit rating at BBBg+, with stable outlook; and affirms the expected rating on the proposed US dollar-denominated senior unsecured notes at BBBg+ | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2019.9.24

CCXAP affirms Guangxi Liuzhou Dongcheng Investment Development Group Co., Ltd.’s long-term credit rating at BBBg+, with stable outlook; and affirms the expected rating on the proposed US dollar-denominated senior unsecured notes at BBBg+

Hong Kong, 24 September 2019 -- China Chengxin (Asia Pacific) Credit Ratings (“CCXAP”) has affirmed the long-term credit rating of BBB_g+ to Guangxi Liuzhou Dongcheng Investment Development Group Co., Ltd (“GLD” or the “Company”). The rating outlook is stable.

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

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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).