News & Events
Hong Kong, 18 June 2024 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a senior unsecured debt rating of Ag+ to the proposed USD bonds to be issued by Chang Development International Limited (“CDIL”), a subsidiary wholly and indirectly owned by Changchun Urban Development & Investment Holdings (Group) Co., Ltd. (“CCDG” or the “Company”) (Ag+/stable), and unconditionally and irrevocably guaranteed by CCDG.
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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).