CCXAP assigns BBBg- to Guocheng (Zhejiang) Industrial Development Co., Ltd.’s proposed offshore bonds | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2024.9.6

CCXAP assigns BBBg- to Guocheng (Zhejiang) Industrial Development Co., Ltd.’s proposed offshore bonds

Hong Kong, 6 September 2024 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned an expected senior unsecured debt rating of BBB_g- to the proposed offshore bonds to be issued by Guocheng (Zhejiang) Industrial Development Co., Ltd. (“GZID” 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 General Corporate dated April 2019, available at www.ccxap.com (Rating Methodologies).