CCXAP assigns BBBg to Chengdu Aerotropolis City Development Group Co., Ltd.’s proposed Free Trade Zone CNY bonds | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2022.11.25

CCXAP assigns BBBg to Chengdu Aerotropolis City Development Group Co., Ltd.’s proposed Free Trade Zone CNY bonds

Hong Kong, 25 November 2022 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a senior unsecured debt rating of BBB_g to the proposed Free Trade Zone CNY bonds to be issued by Chengdu Aerotropolis City Development Group Co., Ltd. (“CACD” or the “Company”) (BBBg/positive).

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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).