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CCXAP affirms Jiangsu Yueda Group Co., Ltd’s BBBg- long-term credit rating, with stable outlook

Hong Kong, 28 June 2021 -- China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has affirmed BBBg- long-term credit rating of Jiangsu Yueda Group Co., Ltd (“Jiangsu Yueda” or the “Company”), with stable outlook. At the same time, CCXAP has affirmed Jiangsu Yueda’s BBBg- senior unsecured debt rating.


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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. The methodology used in this rating is Rating Methodology for Business and Customer Service Companies dated December 2019, available at www.ccxap.com (Rating Methodology).