CCXAP assigns BBBg- to Ningguo Economic Development Holding Group Co., Ltd.’s proposed offshore bonds | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2023.9.27

CCXAP assigns BBBg- to Ningguo Economic Development Holding Group Co., Ltd.’s proposed offshore bonds

Hong Kong, 27 Septerber 2023 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a senior unsecured debt rating of BBB_g- to the proposed offshore bonds to be issued by Ningguo Economic Development Holding Group Co., Ltd. (“NGED”) (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 Rating Methodology for China’s Local Infrastructure Investment and Financing Companies dated July 2022, available at www.ccxap.com (Rating Methodologies).