CCXAP affirms Qingdao Bullet Train Town Investment Group Co., Ltd.’s long-term credit rating at BBBg+, with stable outlook. | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2025.9.29

CCXAP affirms Qingdao Bullet Train Town Investment Group Co., Ltd.’s long-term credit rating at BBBg+, with stable outlook.

Hong Kong, 29 September 2025 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has affirmed the long-term credit rating of Qingdao Bullet Train Town Investment Group Co., Ltd. (“QBTI” or the “Company”) at BBB_g+, with stable outlook. At the same time, CCXAP has affirmed QBIT’s senior unsecured debt rating (SBLC-supported) at A_g-. The bonds (ISIN: XS2937150170) are fully supported by an irrevocable standby letter of credit (“SBLC”) from Bank of Qingdao Co., Ltd. (“Bank of Qingdao”).

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