HONG KONG, 29 May 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has affirmed the following issuance ratings:
‘A+’ global scale Long-term Issuance Credit Rating to the CNY480 million, 7.8% guaranteed green bonds due 2027 issued by Chongqing Tongnan Construction Engineering (Group) Co., Ltd. (“CTCE”; ‘BBB-/Stable’).
‘A+’ global scale Long-term Issuance Credit Rating to the CNY360 million, 6.8% guaranteed bonds due 2027 issued by Tongcheng Economic Development Zone Construction Investment Group Co., Ltd. (“TEDZ”; ‘BBB-/Stable’).
The above-mentioned bonds (“the Bonds”) are unconditionally and irrevocably guaranteed by Chongqing Xingnong Financing Guarantee Group Co., Ltd. (“CXFG”).
A full list of affirmed issuance ratings is included in this press release.