Lianhe Global has affirmed ‘BBB+’ global scale Long-term Issuer and Issuance Credit Rating of Jiangsu Shagang Group Company Limited; Issuer Rating Outlook Revised to Positive

HONG KONG, 29 October 2021 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has affirmed ‘BBB+’ global scale Long-term Issuer Credit Rating of Jiangsu Shagang Group Company Limited (“Shagang” or “the company”). The Outlook is revised to Positive from Stable.