CCXAP assigns Ag+ to Shanghai Lingang Economic Development (Group) Co., Ltd.’s proposed Free Trade Zone CNY and EUR bonds | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2022.10.25

CCXAP assigns Ag+ to Shanghai Lingang Economic Development (Group) Co., Ltd.’s proposed Free Trade Zone CNY and EUR bonds

Hong Kong, 25 October 2022 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a senior unsecured debt rating of A_g+ to the proposed Free Trade Zone CNY and EUR bonds to be issued by Lingang Wings Inc, an indirect wholly-owned subsidiary of Shanghai Lingang Economic Development (Group) Co., Ltd. (“Lingang Group” or the “Company”) (A_g+/stable), and unconditionally and irrevocably guaranteed by Lingang Group.

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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).