HONG KONG, 30 August 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 Zhangzhou Jiulongjiang Group Co., Ltd. (“Jiulongjiang 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 CNY bonds issued by Jiulongjiang Group to ‘A-’ from ‘BBB+’ at the same time. A full list of upgraded issuance rating is included in this report.