CCXAP assigns first-time long-term credit rating of BBg+ to Shangrao Innovation Development Industry Investment Group Co., Ltd., with stable outlook | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2021.2.8

CCXAP assigns first-time long-term credit rating of BBg+ to Shangrao Innovation Development Industry Investment Group Co., Ltd., with stable outlook

Hong Kong, 8 February 2021 -- China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a first-time long-term credit rating of BB_g+ to Shangrao Innovation Development Industry Investment Group Co., Ltd. (“SIIG” or the “Company”). The rating outlook is stable.

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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 May 2020, available at www.ccxap.com (Rating Methodologies).