CCXAP upgrades Nantong Coastal Development Co., Ltd.’s long-term credit rating to Ag, with stable outlook | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2022.12.30

CCXAP upgrades Nantong Coastal Development Co., Ltd.’s long-term credit rating to Ag, with stable outlook

Hong Kong, 30 December 2022 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has upgraded the long-term credit rating of Nantong Coastal Development Co., Ltd.’s (“NTCD”) to A_g from A_g-, 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).