2022.3.4
CCXAP withdraws Logan Group Company Limited’s ratings
Hong Kong, 4 March 2022 -- China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has withdrawn Logan Group Company Limited (“Logan”)’s long-term credit rating and senior unsecured debt rating of BBg+ for business reasons. Prior to the rating withdrawal, Logan’s rating outlook was negative.
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CCXAP’s public ratings are available at www.ccxap.com (Rating Results). The methodology used in this rating is the Rating Methodology for Real Estate Development Industry (December 2019), available at www.ccxap.com (Rating Methodologies).