Qingdao West Coast New Area Ronghe Holding Group Co., Ltd. (Rating Report)

Lianhe Ratings Global Limited (“Lianhe Global”) has upgraded the global scale Long-term Issuer Credit Rating of Qingdao West Coast New Area Ronghe Holding Group Co., Ltd. (“QWRH”) to ‘A’ from ‘A-’; Issuer Rating Outlook Stable