CCXAP upgrades Jiangsu Pingling Construction Investment Group Co., Ltd.’s long-term credit rating to BBBg, with stable outlook | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2023.9.11

CCXAP upgrades Jiangsu Pingling Construction Investment Group Co., Ltd.’s long-term credit rating to BBBg, with stable outlook

Hong Kong, 11 September 2023 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has upgraded the long-term credit rating of Jiangsu Pingling Construction Investment Group Co., Ltd. (“JPCI” or the “Company”) to BBB_g from BBB_g-, with stable outlook, reflecting the expanded position and increased importance of the Company after the consolidation, as well as the strengthened support from Liyang City Government.

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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).