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Hong Kong, 1 April 2021, China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has published a new rating methodology for manufacturing industry. The methodology is an industry-specific rating methodology derived from the fundamentals of the Rating Methodology for General Corporate published in April 2019, effective on 1 April 2021.

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. CCXAP has not rated any entities that match our definition of manufacturing companies, so adoption of this methodology is not expected to cause any rating changes.

RATING METHODOLOGY FOR MANUFACTURING INDUSTRY: [LINK]