News & Events

Hong Kong, 2 November 2021 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has downgraded the long-term credit rating of Yango Group Co., Ltd. (“Yango”, or the “Company”) to B_g+ from BB_g. At the same time, CCXAP has downgraded Yango's senior unsecured debt rating on the bonds issued by Yango Justice International Limited to B_g+ from BB_g. The outlook has been changed to negative from 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 Global Rating Methodology for Real Estate Development Industry dated December 2019, available at www.ccxap.com (Rating Methodologies).