HONG KONG, 9 April 2020 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has affirmed ‘A-’ global scale Long-term Issuer Credit Rating to Qingdao City Construction Investment (Group) Limited (“QCCI”). The Outlook is Stable.
Lianhe Global has also affirmed ‘A-’ global scale Long-term Issuance Credit Rating to the senior unsecured USD bonds issued by QCCI’s wholly-owned subsidiary Hongkong International (Qingdao) Company Limited (“HKIQD”) as QCCI shows its strong willingness to support HKIQD in meeting its debt obligations by offering a keepwell deed, a deed of equity interest purchase undertaking and an irrevocable standby facility agreement.