Lianhe Global has affirmed ‘BBB-’ global scale Long-term Issuer Credit Rating of Taizhou Hailing City Development Group Co., Ltd.; Issuer Rating Outlook Stable

HONG KONG, 13 March 2023 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has affirmed ‘BBB-’ global scale Long-term Issuer Credit Rating of Taizhou Hailing City Development Group Co., Ltd. (“THCD”). The Outlook is Stable.