News & Events
Hong Kong, 6 March 2026 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a debt rating of Ag+ to the proposed USD bonds to be issued by Jiangsu Fuxuan Industrial Co., Ltd. (“JSFX” or the “Company”) (BBBg-/Stable). The bonds are fully supported by an irrevocable standby letter of credit from Bank of Jiangsu Co., Ltd., Yancheng 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 JSFX’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).