HONG KONG, 16 December 2024 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘A+’ global scale Long-term Issuance Credit Rating to the RMB Digitally Native Guaranteed Bonds (“The DN Bonds”) to be issued by Huafa 2024 I Company Limited (“Huafa 2024 I”), a wholly-owned subsidiary of Zhuhai Huafa Group Co., Ltd. (“ZHG”; ‘A+’/Stable).
The DN Bonds constitute Huafa 2024 I’s direct, unconditional, unsubordinated and unsecured obligations which shall at all times rank at least equally with all its other present and future unsecured and unsubordinated obligations. The DN Bonds are unconditionally and irrevocably guaranteed by ZHG.
ZHG intends to use the net proceeds from this offering for refinancing existing offshore indebtedness.