Lianhe Ratings Global Limited (“Lianhe Global”) has assigned ‘BBB’ global scale Long-term Issuer Credit Rating with Stable Outlook to Feicheng City Urban Investment Holding Group Co., Ltd. (“FCUI” or “the company”)
The Issuer Credit Rating reflects a high possibility that the People’s Government of Feicheng district (“the Feicheng government”) would provide very strong support to FCUI if needed. This mainly considers the Feicheng government’s full ownership of FCUI, FCUI’s strategic importance as an important local investment and development company (“LIDC”) responsible city development and operation in Feicheng, the strong linkage between the Feicheng government and FCUI. In addition, the Feicheng government may face significant negative impact on its reputation and financing activities if FCUI encounters any operational and financial difficulties.
The Stable Outlook reflects our expectation that FCUI’s strategic importance would remain intact while the Feicheng government will continue to ensure FCUI’s stable operation.