Lianhe Ratings Global Limited (“Lianhe Global”) has affirmed ‘BBB-’ global scale Long-term Issuer and Issuance Credit Rating of Anqing Yixiu District Beautiful Village Construction Co., Ltd. (“AYVC” or “the company”); Issuer Rating Outlook is Stable
The Issuer Credit Rating reflects a high possibility that the People’s Yixiu District Government of Anqing City (“the Yixiu government”) would provide strong support to AYVC if needed. This mainly considers its full ownership of AYVC, AYVC’s strategic importance as a key local investment and development company in Yixiu District (“Yixiu”). The linkage between the Yixiu government and AYVC is strong, including management supervision, strategic alignment, and ongoing operational and financial support. In addition, the Yixiu government may face significant negative impact on its reputation and financing activities if AYVC encounters any operational or financial difficulties.
Lianhe Global has also affirmed ‘BBB-’ global scale Long-term Issuance Credit Rating of the senior unsecured bonds issued by AYVC at the same time. A full list of affirmed issuance rating is included in this report.
Yixiu is a district under the jurisdiction of Anqing City, Anhui Province. It owns a provincial-level economic development zone. The Yixiu government’s budgetary revenue increased strongly by 14.3% to RMB1.4 billion in 2024.
The Stable Outlook reflects our expectation that AYVC’s strategic importance would remain intact while the Yixiu government will continue to ensure AYVC’s stable operation.