2024.10.15
CCXAP assigns BBBg+ to Foshan Sanshui Development Group Co., Ltd.’s proposed CNY green bond
Hong Kong, 15 October 2024 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a senior unsecured debt rating of BBBg+ to the proposed USD green bond (ISIN: []) to be issued by Foshan Sanshui Development Group Co., Ltd. (“Sanshui Development” or the “Company”) (BBBg+/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).