CCXAP assigns BBBg+ to UETD Construction & Development State-owned Capital Investment Operation (Group) Co., Ltd.’s proposed USD social bonds | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2024.8.21

CCXAP assigns BBBg+ to UETD Construction & Development State-owned Capital Investment Operation (Group) Co., Ltd.’s proposed USD social bonds

Hong Kong, 21 August 2024 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a senior unsecured debt rating of BBB_g+ to the proposed USD social bond (ISIN: XS2809017846) to be issued by UETD Construction & Development State-owned Capital Investment Operation (Group) Co., Ltd. (“UCDI” or the “Company”) (BBB_g+/stable).

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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).