CCXAP upgrades Huai'an Development Holdings Co., Ltd.’s long-term credit rating to BBBg, with stable outlook | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2024.3.28

CCXAP upgrades Huai'an Development Holdings 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 Huai'an Development Holdings Co., Ltd. (“HADH” or the “Company”) long-term credit rating from BBB_g- to BBB_g, with stable outlook, reflecting the ongoing economic growth of Huai’an City and Huai'an Economic and Technological Development Zone (“Huai’an ETDZ”), as well as the Company’s important position in the construction and development of Huai’an ETDZ.

Click HERE to download the press release.

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).