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

2023.11.30

CCXAP upgrades Yixing City Construction Culture Tourism Group Co., Ltd.’s long-term credit rating to BBBg+, with stable outlook

Hong Kong, 30 November 2023 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has upgraded the long-term credit rating of Yixing Construction Cultural Tourism Group Co., Ltd. (“YCCT” or the “Company”) to BBB_g+ from BBB_g, with stable outlook, reflecting our expectation of the increasing willingness to provide support from the Yixing 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).