CCXAP upgrades Huai’an Traffic Holding Group Co., Ltd.’s long-term credit rating to BBBg+, with stable outlook | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2024.6.26

CCXAP upgrades Huai’an Traffic Holding Group Co., Ltd.’s long-term credit rating to BBBg+, with stable outlook

Hong Kong, 26 June 2024 -- China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has upgraded Huai’an Traffic Holding Group Co., Ltd.’s (“HATH” or the “Company”) long-term credit rating from BBB_g to BBB_g+, with stable outlook, reflecting the enhancing regional strength of Huai’an City and the Company’s strategic position in local transportation infrastructure construction and operation in Huai’an City. At the same time, CCXAP has upgraded its senior unsecured debt rating to BBB_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).