HONG KONG, 14 June 2024 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has upgraded the global scale Long-term Issuer and Issuance Credit Rating of Fujian Zhanglong Group Co., Ltd. (“Zhanglong Group”) to ‘A-’ from ‘BBB+’. The Outlook is Stable.
Lianhe Global has also upgraded the global scale Long-term Issuance Credit Rating of the senior unsecured USD bonds issued by Zhanglong Group to ‘A-’ from ‘BBB+’ at the same time. A full list of upgraded issuance rating is included in this report.