News & Events

CCXAP downgrades Logan Group Company Limited’s ratings to BBg+, with a negative outlook

Hong Kong, 4 March 2022 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has downgraded the long-term credit rating and senior unsecured debt rating of Logan Group Company Limited (“Logan” or the “Company”) to BBg+ from BBBg-. At the same time, CCXAP has changed the rating outlook to negative.


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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).