HONG KONG, 21 March 2024 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘A-’ global scale Long-term Issuance Credit Rating to the Proposed Guaranteed Bonds (“the Bonds”) to be issued by Chongqing Tongnan District Construction Engineering (Group) Co., Ltd. (“CTDCE”; ‘BBB-’/Stable). The bonds will be unconditionally and irrevocably guaranteed by Chongqing Xingnong Financing Guarantee Group Co., Ltd (“CXFG”).
CTDCE intends to use the net proceeds from this offering for project construction and replenishment of working capital.