Lianhe Ratings Global Limited

[Issuer Rating] Lianhe Global has affirmed ‘BBB-’ global scale Long-term Issuer Credit Rating of Chengdu Dongjin Huaizhou Xincheng Investment Group Co., Ltd. (“CDHXI”). The Outlook is Stable. Full Press Release: https://lnkd.in/eyjuHP7N Full Initial Issuer Report: https://lnkd.in/etBqA2c9 #china #sichuan #chengdu #CDHXI #affirmation #LGFV #rating #creditrating #investmentgrade  #dcm #issuerrating #issuancerating  #bonds #usdbonds #offshorebonds #chinabonds  #fixedincome #debtcapitalmarkets

[Issuer Rating] Lianhe Global has upgraded the global scale Long-term Issuer Credit Rating of Jingjiang Port Group Co., Ltd. (“JPG”) to ‘BBB’ from ‘BBB-’. The Outlook is Stable. Full Press Release: https://lnkd.in/eZdRHjCC Full Initial Issuer Report: https://lnkd.in/eQkq5vzw #china #taizhou #jingjiang #JPG #upgrade #LGFV #rating #creditrating #investmentgrade #dcm #issuerrating #issuancerating #bonds #usdbonds #offshorebonds #chinabonds #fixedincome #debtcapitalmarkets

[Issuer Rating] Lianhe Global has assigned ‘BBB’ global scale Long-term Issuer Credit Rating to Shandong Leading Industry Investment Co., Ltd. (“SDLI” or “the company”). The Outlook is Stable. The Issuer Credit Rating reflects a high possibility that the People’s Government of Shouguang City (“Shouguang government”) would provide strong support to SDLI if needed, in light of its full ownership of SDLI, SDLI’s strategic importance as an important local investment and development company (“LIDC”) for urban industrial development in Shouguang City ("Shouguang”), and the linkage between the Shouguang government and SDLI, including appointment and supervision of the senior management, strategic alignment, major investment and financing plan decisions and ongoing government support, etc. In addition, the Shouguang government may face significant negative impact on its reputation and financing activities if SDLI encounters any operational and financial difficulties. The Stable Outlook reflects our expectation that SDLI’s strategic importance would remain intact while the Shouguang government will continue to ensure SDLI’s stable operation. Full Press Release: https://lnkd.in/ekityTfZ Full Initial Issuer Report: https://lnkd.in/eHUqr6u5 #china #shandong #shouguang #SDLI #assignment #LGFV #rating #creditrating #investmentgrade #dcm #issuerrating #issuancerating #bonds #usdbonds #offshorebonds #chinabonds #fixedincome #debtcapitalmarkets

[Issuer Rating] Lianhe Global has upgraded the global scale Long-term Issuer Credit Rating of Chengdu Sino French Ecological Park Investment Development Co., Ltd. (“CSID”) to ‘BBB’ from ‘BBB-’. The Outlook is Stable. Full Press Release: https://lnkd.in/exgxnqcC  Full Initial Issuer Report: https://lnkd.in/eX-EckDB #china #sichuan #chengdu #CSID #upgrade #LGFV #rating #creditrating #investmentgrade #dcm #issuerrating #issuancerating #bonds #usdbonds #offshorebonds #chinabonds #fixedincome #debtcapitalmarkets

[Issuance Rating] Lianhe Global has assigned ‘BBB’ global scale Long-term Issuance Credit Rating to the senior unsecured bonds (“the Bonds”) to be issued by Taixing Jiangqiao Investment Construction Development Co., Ltd. (“TJICD”; ‘BBB/Stable’). TJICD intends to use the net proceeds from this offering for project construction and supplement of working capital. Full Press Release: https://lnkd.in/eVZNEkdj Full Initial Issuer Report: https://lnkd.in/eRCF7DZ9  #china #jiangsu #taixing #TJICD #assignment #LGFV #rating #creditrating #investmentgrade  #dcm #issuerrating #issuancerating  #bonds #usdbonds #offshorebonds #chinabonds  #fixedincome #debtcapitalmarkets

[Issuer Rating] Lianhe Global has assigned ‘BBB’ global scale Long-term Issuer Credit Rating to Taixing Jiangqiao Investment Construction Development Co., Ltd. (“TJIDC” or “the company”). The Outlook is Stable. The Issuer Credit Rating reflects a high possibility that the People’s Government of Taixing City (“the Taixing government”) would provide strong support to TJIDC if needed, in light of its full ownership of TJIDC, TJIDC’s strategic importance as an important local investment and development company (“LIDC”) responsible for project development and utility operation in Taixing City, Jiangsu Province (“Taixing”) and the linkage between the Taixing government and TJIDC, including appointment of the senior management, strategic alignment, supervision of major investment and financing decisions and ongoing operational and financial support. In addition, the Taixing government may face significant negative impact on its reputation and financing activities if TJIDC encounters any operational and financial difficulties. The Stable Outlook reflects our expectation that TJIDC’s strategic importance would remain intact while The Taixing government will continue to ensure TJIDC’s stable operation. Full Press Release: https://lnkd.in/ez-u6QJm #china #jiangsu #taixing #TJIDC #assignment #LGFV #rating #creditrating #investmentgrade #dcm #issuerrating #issuancerating #bonds #usdbonds #offshorebonds #chinabonds #fixedincome #debtcapitalmarkets

[Issuance Rating] Lianhe Global has assigned ‘BBB-’ global scale Long-term Issuance Credit Rating to the CNY265.1 million, 7.8% senior unsecured CNY Bonds due 2027 (“the Bonds”) issued by Anqing Yixiu District Beautiful Village Construction Co., Ltd. (“AYVC”; ‘BBB-/Stable’). AYVC intends to use the net proceeds from this offering for the projects construction and working capital replenishment. Full Press Release: https://lnkd.in/eUDniKrE #china #anhui #anqing #AYVC #assignment #LGFV #rating #creditrating #investmentgrade  #dcm #issuerrating #issuancerating  #bonds #usdbonds #offshorebonds #chinabonds  #fixedincome #debtcapitalmarkets

[Issuer Rating] Lianhe Global has affirmed ‘BBB-’ global scale Long-term Issuer Credit Rating of Ningxiang Water Construction and Investment Co., Ltd. (“NWCI”). The Outlook is Stable. Full Press Release: https://lnkd.in/edTZ3BXm Full Initial Issuer Report: https://lnkd.in/e7hEVpJK #china #hunan #ningxiang #NWCI #LGFV #rating #creditrating #investmentgrade #dcm #issuerrating #issuancerating #bonds #usdbonds #offshorebonds #chinabonds #fixedincome #debtcapitalmarkets

[Issuer Rating] Lianhe Global has upgraded the global scale Long-term Issuer Credit Rating of Shandong Mingshui Guokai Development Group Co., Ltd. (“SMGD” or “the company”) to ‘BBB’ from ‘BBB-’. The Outlook is Stable. Full Press Release: https://lnkd.in/d_VvzpdN Full Initial Issuer Report: https://lnkd.in/d2AAJjUE #china #shandong #jinan #SMGD #upgrade #LGFV #rating #creditrating #investmentgrade #dcm #issuerrating #issuancerating #bonds #usdbonds #offshorebonds #chinabonds #fixedincome #debtcapitalmarkets

[Issuer Rating] Lianhe Globa has assigned ‘BBB’ global scale Long-term Issuer Credit Rating to Hubei Edong Urban-Rural Integration Industrial Investment Group Co., Ltd.(“HEURI” or “the company”). The Outlook is Stable. The Issuer Credit Rating reflects a high possibility that the People’s Government of Daye City, (“Daye government”) would provide strong support to HEURI if needed, in light of its indirect full ownership of HEURI, HEURI’s strategic importance as an important local investment and development company (“LIDC”) for rural revitalization and industrialization in Daye City ("Daye”), and the linkage between the Daye government and HEURI, including appointment and supervision of the senior management, strategic alignment, major investment and financing plan decisions and ongoing government support, etc. In addition, the Daye government may face significant negative impact on its reputation and financing activities if HEURI encounters any operational and financial difficulties. The Stable Outlook reflects our expectation that HEURI’s strategic importance would remain intact while the Daye government will continue to ensure HEURI’s stable operation. Full Press Release: https://lnkd.in/eNDuqxbn Full Initial Issuer Report: https://lnkd.in/eP_nTcYa #china #hubei #daye #LIDC #assignment #LGFV #rating #creditrating #investmentgrade #dcm #issuerrating #issuancerating #bonds #usdbonds #offshorebonds #chinabonds #fixedincome #debtcapitalmarkets