HONG KONG, 15 August 2024 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘A-’ global scale Long-term Issuance Credit Rating to the senior unsecured bonds (“the Bonds”) to be issued by Weifang Urban Construction and Development Investment Group Co., Ltd. (“WUCDI”; ‘A-/Stable’).
WUCDI intends to use the net proceeds from this offering for refinancing offshore indebtedness and supplement of working capital.