CCXAP assigns BBBg+ to Jining State-owned Assets Investment Holdings Co., Ltd.’s proposed offshore bonds | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2023.10.16

CCXAP assigns BBBg+ to Jining State-owned Assets Investment Holdings Co., Ltd.’s proposed offshore bonds

Hong Kong, 16 October 2023 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned an expected senior unsecured debt rating of BBB_g+ to the proposed offshore bonds to be issued by Reciprocal (HK) International Development Limited, a direct wholly-owned subsidiary of Jining State-owned Assets Investment Holdings Co., Ltd. (JNSI” or the “Company”) (BBB_g+/stable), and unconditionally and irrevocably guaranteed by JNSI.

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