Lianhe Global has assigned ‘A-’ global scale Long-term Issuer and Issuance Credit Rating to Shaoxing City Investment Group Limited and its proposed USD bonds; Issuer Rating Outlook is Stable

HONG KONG, 11 August 2021 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘A-’ global scale Long-term Issuer Credit Rating to Shaoxing City Investment Group Limited (“SCIG”). The Outlook is Stable.

At the same time, Lianhe Global has assigned ‘A-’ global scale Long-term Issuance Credit Rating to the proposed senior unsecured USD bonds (“the USD bonds”) to be issued by SCIG.