CCXAP assigns BBBg+ to Yangzhou Economic and Technological Development Zone Development (Group) Co. Ltd.’s proposed USD green bonds | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2022.4.6

CCXAP assigns BBBg+ to Yangzhou Economic and Technological Development Zone Development (Group) Co. Ltd.’s proposed USD green bonds

Hong Kong, 6 April 2022 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a senior unsecured debt rating of BBB_g+ to the proposed green USD bonds to be issued by Yangzhou Economic and Technological Development Zone Development (Group) Co. Ltd. (“YETD” or the “Company”) (BBB_g+/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 Rating Methodology for China’s Local Infrastructure Investment and Financing Companies dated May 2020, available at www.ccxap.com (Rating Methodologies).