News & Events

Hong Kong, 28 March 2024 – 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 Wansheng International (BVI) Co. Ltd (“Wansheng International”), an indirect wholly-owned subsidiary of Pingdu City Development Group Co., Ltd (“PDCD”) (BBB_g+/ Stable), and to be unconditionally and irrevocably guaranteed by PDCD.

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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).