News & Events

CCXAP assigns BBBg- to Zhejiang Changxing Financial Holdings Group Co., Ltd.’s proposed USD bonds

Hong Kong, 5 June 2023 – – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a senior unsecured debt rating of BBBg- to the proposed USD bonds to be issued by Xingchang International Company Limited, a wholly-owned subsidiary of Zhejiang Changxing Financial Holdings Group Co., Ltd. (“ZCFH” or the “Company”) (BBBg-/stable), and unconditionally and irrevocably guaranteed by ZCFH.


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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).