News & Events

Hong Kong, 17 March 2025 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a senior unsecured debt rating of BBB_g+ to the proposed USD bonds to be issued by Binjiang Guotou Limited (the “Issuer”), an indirectly wholly-owned subsidiary of Taizhou Gangcheng Investment Group Co., Ltd. (“TZGI” or the “Company”) (BBB_g+/Stable), and unconditionally and irrevocably guaranteed by TZGI.

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, available at www.ccxap.com (Rating Methodologies).