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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 BBBg to the proposed Free Trade Zone CNY bonds to be issued by Jiangsu Yueda Group Co., Ltd. (“Jiangsu Yueda” or the “Company”) (BBBg/stable).


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