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CCXAP upgrades Seazen Holdings Company Limited’s long-term credit rating to BBBg, with stable outlook

Hong Kong, 16 July 2021 -- China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has upgraded Seazen Holdings Company Limited’s (“Seazen” or the “Company”) long-term credit rating to BBBg from BBBg-, with stable outlook; and its senior unsecured debt rating to BBBg from BBBg-. The upgrade is based on the Company’s large operating scale, growing recurring income, and improving financing capability, which enhance its debt servicing ability.


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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 Global Rating Methodology for Real Estate Development Industry dated December 2019, available at www.ccxap.com (Rating Methodologies).