Lianhe Ratings Global Limited (“Lianhe Global”) has affirmed ‘BBB+’ global scale Long-term Issuer Credit Rating of Dalian Deta Holding Co., Ltd. (“Dalian Deta” or “the company”); Issuer Rating Outlook Stable.
The Issuer Credit Rating reflects a high possibility that the de facto local government of Dalian’s Jinpu New Area (“DJNA”), Jinpu New Area Administrative Committee (“DJNA Administrative Committee”), would provide strong support to Dalian Deta if needed. This mainly considers the DJNA Administrative Committee’s full ownership of Dalian Deta, the high importance of Dalian Deta to DJNA in the infrastructure and public utilities development, and the strong linkage between the DJNA Administrative Committee and Dalian Deta, including management supervision, ongoing operational and financial support. In addition, DJNA may face significant negative impact on its reputation and financing activities should Dalian Deta encounter any operational and financial difficulties.
The Stable Outlook reflects our expectation that Dalian Deta’s strategic importance would remain intact while the DJNA Administrative Committee will continue to ensure Dalian Deta’s stable operation.