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CCXAP assigns first-time long-term credit rating of BBg+ to Jiangsu Yungang Investment Development Co., Ltd., with stable outlook

Hong Kong, 10 October 2022 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a first-time BBg+ long-term credit rating to Jiangsu Yungang Investment Development Co., Ltd (“YGID”), 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).