Lianhe Ratings Global Limited (“Lianhe Global”) has assigned ‘BBB-’ global scale Long-term Issuer Credit Rating with Stable Outlook to China Investments Holdings Ltd. (“CIH” or “the company”)
The Issuer Credit Rating reflects a high possibility that the People’s Government of Nanhai District, Foshan City (“Nanhai government”) would provide strong support to CIH if needed, in light of its indirect majority ownership of CIH, CIH’s strategic importance as the key local investment and development company (“LIDC”) that is responsible for wellness elderly care, industrial park construction and financial leasing in Nanhai District, Foshan City (“Nanhai”), and the linkage between the Nanhai government and CIH, including supervision of the senior management, strategic alignment, major investment and financing plan decisions and ongoing operational and financial support. In addition, the Nanhai government may face significant negative impact on its reputation and financing activities if CIH encounters any operational and financial difficulties.
The Stable Outlook reflects our expectation that CIH’s strategic importance would remain intact while the Nanhai government will continue to ensure CIH’s stable operation.