News & Events

Hong Kong, 5 December 2024 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a debt rating of Ag to the proposed offshore CNY bonds to be issued by San Shui International Development Co., Ltd, a wholly-owned subsidiary of Jiangsu Jiangyan Economic Development Group Co., Ltd. (“JYED” or the “Company”), and unconditionally and irrevocably guaranteed by JYED. The bonds are fully supported by an irrevocable standby letter of credit (“SBLC”) from Bank of Nanjing Co., Ltd, Taizhou Branch.

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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 the LC Bank’s assessment is the Rating Methodology for Banks dated November 2021, available at www.ccxap.com (Rating Methodologies).