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CCXAP assigns Huai'an Development Holdings Co., Ltd.’s first time long-term credit rating at BBBg-, with stable outlook

Hong Kong, 2 March 2022 -- China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned the first time long-term credit rating of Huai'an Development Holdings Co., Ltd. (“HADH”) at BBBg-, with stable outlook.


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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 May 2020, available at www.ccxap.com (Rating Methodologies).