Lianhe Global has affirmed ‘BBB+’ global scale Long-term Issuer Credit Rating of Jiangsu Fangyang Group Co., Ltd.; Issuer Rating Outlook Revised to Positive

HONG KONG, 16 August 2024 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has affirmed ‘BBB+’ global scale Long-term Issuer Credit Rating to Jiangsu Fangyang Group Co., Ltd. (“JFG” or “the company”). The Outlook is revised to Positive from Stable.