News & Events
Hong Kong, 13 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 Fu Gang Construction Group Co. Limited (“Fu Gang Construction” or the “Company”) (BBBg/Stable). The bonds are fully supported by an irrevocable standby letter of credit (“SBLC”) denominated in Renminbi from Bank of Nanjing Co., Ltd, Nantong Branch.
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 Fu Gang Construction’s rating is the Rating Methodology for China’s Local Infrastructure Investment and Financing Companies dated July 2022. Methodology used in the LC Bank’s assessment is the Rating Methodology for Banks dated November 2021, available at www.ccxap.com (Rating Methodologies).