CCXAP assigns BBBg to Zoucheng Urban Assets Holding Group Co., Ltd.’s proposed CNY bonds | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2023.11.22

CCXAP assigns BBBg to Zoucheng Urban Assets Holding Group Co., Ltd.’s proposed CNY bonds

Hong Kong, 22 November 2023 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a senior unsecured debt rating of BBB_g to the proposed CNY bonds to be issued by Zoucheng City Investment Holdings International Co., Ltd. (“ZCIH”), an indirectly wholly-owned subsidiary of Zoucheng Urban Assets Holding Group Co., Ltd. (“ZCUA” or the “Company”) (BBB_g/stable), and to be unconditionally and irrevocably guaranteed by ZCUA.

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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).