CCXAP affirms Chongqing Nan’an Urban Construction & Development (Group) Co., Ltd.’s long-term credit rating at BBBg+, with stable outlook | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2023.3.31

CCXAP affirms Chongqing Nan’an Urban Construction & Development (Group) Co., Ltd.’s long-term credit rating at BBBg+, with stable outlook

Hong Kong, 31 March 2023 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has affirmed Chongqing Nan’an Urban Construction & Development (Group) Co., Ltd. (“CQNA” or the “Company”)’s long-term credit rating at BBB_g+, with stable outlook. At the same time, CCXAP has affirmed its senior unsecured debt rating of BBB_g+.

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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).