CCXAP upgrades Zhejiang Changxing Financial Holdings Group Co. Ltd.’s long-term credit rating to BBBg, with stable outlook; upgrades its senior unsecured debt rating to BBBg | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2023.12.4

CCXAP upgrades Zhejiang Changxing Financial Holdings Group Co. Ltd.’s long-term credit rating to BBBg, with stable outlook; upgrades its senior unsecured debt rating to BBBg

Hong Kong, 4 December 2023 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has upgraded the long-term credit rating of Zhejiang Changxing Financial Holdings Group Co. Ltd. (“ZCFH” or the “Company”) to BBB_g, with stable outlook; and upgrades its senior unsecured debt rating to BBB_g.

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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).