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CCXAP assigns first-time long-term credit rating of Ag+ to Shanghai Lingang Economic Development (Group) Co., Ltd., with stable outlook

Hong Kong, 1 September 2022 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a first-time Ag+ long-term credit rating to Shanghai Lingang Economic Development (Group) Co., Ltd.  (“Lingang Group”), with stable outlook.


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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 July 2022, available at www.ccxap.com (Rating Methodologies).