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

2024.6.28

CCXAP upgrades Yancheng Oriental Investment & Development Group Co., Ltd.’s long-term credit rating to BBBg+, with stable outlook

Hong Kong, 28 June 2024 -- China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has upgraded the long-term credit rating of Yancheng Oriental Investment & Development Group Co. Ltd. (“YOID” or the “Company”) to BBB_g+ from BBB_g, with stable outlook. At the same time, CCXAP has upgraded YOID’s 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).