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Hong Kong, 10 February 2021, China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) proposes to introduce a new methodology for assessing the credit quality of manufacturing companies. The scope of this rating methodology applies to manufacturing companies whose principal business being design and manufacturing of product components or final goods, including but not limited to heavy equipment, railroad cars, power generators, semiconductors, home appliances, and personal electronic devices.

In this request for comment, CCXAP invites interested market participants to submit written comments on the proposed rating methodology by 10 March 2021 sent to info@ccxap.com. CCXAP will review and take all received comments into account before publication of the methodology.

PROPOSED METHODOLOGY FOR MANUFACTURING INDUSTRY: [LINK]