HONG KONG, 30 October 2023 – 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 Stable from Positive.
Lianhe Global has also affirmed ‘BBB+’ global scale Long-term Issuance Credit Rating of the senior unsecured USD bonds issued by Shagang’s indirect wholly-owned subsidiary Wealthy Vision Holdings Limited, which is unconditionally and irrevocably guaranteed by Shagang. A full list of affirmed issuance rating is included in this press release.