CCXAP upgrades Yangzhou Economic and Technological Development Zone Development (Group) Co., Ltd.’s long-term credit rating to Ag-, with stable outlook | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2024.4.11

CCXAP upgrades Yangzhou Economic and Technological Development Zone Development (Group) Co., Ltd.’s long-term credit rating to Ag-, with stable outlook

Hong Kong, 11 April 2024 -- China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has upgraded Yangzhou Economic and Technological Development Zone Development (Group) Co., Ltd’s (“YETD” or the “Company”) long-term credit rating from BBB_g+ to A_g-, with stable outlook, reflecting the improving comprehensive strength of Yangzhou City and the Company’s significant role in the regional development of Yangzhou Economic and Technological Development Zone (“Yangzhou ETDZ”). At the same time, CCXAP has upgraded its senior unsecured debt rating to A_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).