CCXAP assigns BBBg+ to Foshan Sanshui Development Group Co., Ltd. (Former Name: Guangdong Sanshui Development Group Co., Ltd.),’s proposed offshore bonds | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2024.5.10

CCXAP assigns BBBg+ to Foshan Sanshui Development Group Co., Ltd. (Former Name: Guangdong Sanshui Development Group Co., Ltd.),’s proposed offshore bonds

Hong Kong, 10 May 2024 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned an expected senior unsecured debt rating of BBB_g+ to the proposed offshore bonds to be issued by Foshan Sanshui Development Group Co., Ltd. (Former Name: Guangdong Sanshui Development Group Co., Ltd.), (“Sanshui Development” or the “Company”) (BBB_g+/stable).

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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).