News & Events
Hong Kong, 2 November 2026 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a debt rating of Ag- to the proposed CNY bonds (ISIN: HK0001377362) to be issued by Zouping Finance International Co., Ltd., which is an indirect wholly-owned subsidiary of Zouping Financial Development Group Co., Ltd. (“ZPFD” or the “Company”) (BBBg/stable), and to be unconditionally and irrevocably guaranteed by ZPFD. The bonds are fully supported by an irrevocable standby letter of credit (“SBLC”) from Qilu Bank Co., Ltd. (“Qilu Bank” or the “LC Bank”).
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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 ZPFD’s rating is the Rating Methodology for China’s Local Infrastructure Investment and Financing Companies dated July 2022. The Methodology used in Qilu Bank’s credit assessment is the Rating Methodology for Banks (November 2021). The Methodologies are available at www.ccxap.com (Rating Methodologies).