HONG KONG, 18 August 2026 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BBB’ global scale Long-term Issuance Credit Rating to the proposed CNY bonds (“the Bonds”) to be issued by Zoucheng City Shengcheng Culture and Tourism Group Co., Ltd. (“ZCSCT”; ‘BBB’/Stable).
ZCSCT intends to use the net proceeds from this offering for refinancing its offshore bonds.