News & Events
Hong Kong, 26 January 2024 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) says Changchun Urban Development & Investment Holdings (Group) Co., Ltd.’s (“CCDG” or the “Company”) (Ag+/stable) proposed tap issuance on its existing USD100 million senior green bonds due 2026 will not affect the Ag+ rating on the bonds. The bonds are issued by Chang Development International Limited (“CDIL”), a subsidiary wholly and indirectly owned by CCDG, and unconditionally and irrevocably guaranteed by CCDG.
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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).