News & Events
2024.6.4
CCXAP upgrades Zhejiang Xinchang Investment Development Co., Ltd.’s long-term credit rating to BBBg+, with stable outlook
Hong Kong, 4 June 2024 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has upgraded the long-term credit rating of Zhejiang Xinchang Investment Development Co., Ltd. (“ZXID” or the “Company”) to BBBg+ from BBBg, with stable outlook. At the same time, CCXAP has upgraded its senior unsecured debt rating to BBBg+ from BBBg.
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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).