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CCXAP upgrades Chengdu Aerotropolis City Development Group Co., Ltd.’s long-term credit rating to BBBg+, with stable outlook

Hong Kong, 21 July 2023 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has upgraded the long-term credit rating of Chengdu Aerotropolis City Development Group Co., Ltd. (“CACD” or the “Company”) to BBBg+ from BBBg, with stable outlook. At the same time, CCXAP has upgraded the Company’s senior unsecured debt rating to BBBg+.


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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 July 2022, available at www.ccxap.com (Rating Methodologies).