News & Events

CCXAP upgrades Shandong Commercial Group Co. Ltd.’s long-term credit rating to BBBg, with stable outlook

Hong Kong, 23 August 2023 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has upgraded the long-term credit rating of Shandong Commercial Group Co. Ltd. (“Lushang Group” or the “Company”) to BBBg from BBBg-, 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 methodology used in this rating is the Rating Methodology for General Corporate dated April 2019, available at www.ccxap.com (Rating Methodologies).