News & Events

Hong Kong, 14 November 2024 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a debt rating of A_g- to the proposed USD bonds to be issued by Qingdao Bullet Train Town Investment Group Co., Ltd. (“QBTI” or the “Company”) (BBB_g+/stable). The bonds are fully supported by an irrevocable standby letter of credit (“SBLC”) from Bank of Qingdao Co., Ltd. (“Bank of Qingdao” or the “LC Bank”).

Click HERE to download the press release.

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 and the Rating Methodology for Banks dated November 2021, available at www.ccxap.com (Rating Methodologies).