Lianhe Ratings Global Limited (“Lianhe Global”) has assigned ‘BBB’ global scale Long-term Issuer Credit Rating with Stable Outlook to Jiande State-owned Assets Investment Holding Group Co., Ltd. (“JSAI” or “the company”)
The Issuer Credit Rating reflects a high possibility that the People’s Government of Jiande (“the Jiande government”) would provide very strong support to JSAI if needed, in light of its full ownership of JSAI, JSAI’s strategic importance as the largest local investment and development company (“LIDC”) in terms of asset size and the most important development and operation entity in Jiande, and the linkage between the Jiande government and JSAI, including the appointment of the senior management, strategic alignment, supervision of major financing plan and investment decisions and ongoing operational and financial support. In addition, the Jiande government may face significant negative impact on its reputation and financing activities if JSAI encounters any operational and financial difficulties.
The Stable Outlook reflects our expectation that JSAI’s strategic importance would remain intact while the Jiande government will continue to ensure JSAI’s stable operation.