CCXAP assigns BBBg to Jiangsu Yueda Group Co., Ltd.’s proposed Free Trade Zone CNY bonds | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2023.5.24

CCXAP assigns BBBg to Jiangsu Yueda Group Co., Ltd.’s proposed Free Trade Zone CNY bonds

Hong Kong, 24 May 2023 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a senior unsecured debt rating of BBB_g to the proposed Free Trade Zone CNY bonds to be issued by Jiangsu Yueda Group Co., Ltd. (“Jiangsu Yueda” or the “Company”) (BBB_g/stable).

Click HERE to download the press release.

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 Investment Holding Companies (December 2016), available at www.ccxap.com (Rating Methodologies).