2024.3.28
CCXAP upgrades Shangrao Innovation Development Industry Investment Group Co., Ltd.’s long-term credit rating to BBBg, with stable outlook
Hong Kong, 28 March 2024 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has upgraded the long-term credit rating of Shangrao Innovation Development Industry Investment Group Co., Ltd. (“SIIG” or the “Company”) to BBBg from BBBg-, with stable outlook.
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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).