CCXAP upgrades Changzhou Eastern New City Construction Group Co., Ltd ’s long-term credit rating to BBBg, with stable outlook | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2021.8.24

CCXAP upgrades Changzhou Eastern New City Construction Group Co., Ltd ’s long-term credit rating to BBBg, with stable outlook

Hong Kong, 24 August 2021 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has upgraded Changzhou Eastern New City Construction Group Co., Ltd’s (“CENCC” or the “Company”) long-term credit rating to BBB_g from BBB_g-, with stable outlook. The upgrade is based on the Company’s increasing strategic importance along with the prosperous development of the Jiangsu Changzhou Economic Development Zone.

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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).