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

2024.4.30

CCXAP upgrades Quzhou Qutong Development Group Co., Ltd.’s long-term credit rating to Ag-, with stable outlook

Hong Kong, 30 April 2024 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has upgraded the long-term credit rating of Quzhou Qutong Development Group Co., Ltd. (“QQDG” or the “Company”) to A_g- from BBB_g+, 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).