News & Events

CCXAP downgrades Red Star Macalline Group Corporation Ltd.’s long-term credit rating to BBBg-, with stable outlook

Hong Kong, 28 June 2022 -- China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has downgraded the long-term credit rating of Red Star Macalline Group Corporation Ltd. (“RSM” or the “Company”) to BBBg- from 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 REITs and REOCs dated December 2019, available at www.ccxap.com (Rating Methodologies).