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CCXAP assigns BBBg to Zhejiang Xinchang Investment Development Co., Ltd.’s proposed USD sustainable bonds

Hong Kong, 8 January 2024 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a senior unsecured debt rating of BBBg to the proposed USD sustainable bonds to be issued by Zhejiang Xinchang Investment Development Co., Ltd (“ZXID” or the “Company”) (BBBg/stable).


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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).