Lianhe Ratings Global Limited (“Lianhe Global”) has assigned ‘BBB-’ global scale Long-term Issuer Credit Rating to Chengdu Dujiangyan Investment Development Group Co., Ltd. (“DIDG”). The Outlook is Stable.
The Issuer Credit Rating reflects a high possibility that that the Dujiangyan City People’s Government (“Dujiangyan government”) would provide strong support to DIDG if needed, in light of its full ownership of DIDG, DIDG’s high strategic position as the only state-owned operation entity of Dujiangyan and the strong linkage between the Dujiangyan government and DIDG including management supervision, strategic alignment, and ongoing operational and financial support. In addition, the Dujiangyan government may face significant negative impact on its reputation and business and financing activities should DIDG encounter any operational or financial difficulties.
The Stable Outlook reflects our expectation that DIDG’s strategic importance would remain intact while the Dujiangyan government will continue to ensure DIDG’s stable operation.