Lianhe Global has assigned ‘A-’ Rating to Qingdao City Construction Investment (Group) Limited’s Proposed USD Bonds

HONG KONG, 13 September 2019 – 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 USD Bonds (“USD Bonds”) to be issued by Qingdao City Construction Investment (Group) Limited’s (“QCCI”; ‘A-’/Stable) wholly-owned subsidiary Hongkong International (Qingdao) Company Limited (“HKIQD”).

The USD Bonds constitute HKIQD’s unsecured and unsubordinated obligations which shall at all times rank at least equally with all its other present and future unsecured and unsubordinated obligations. QCCI has provided a keepwell deed, a deed of equity interest purchase undertaking and an irrevocable cross-border US dollar standby facility agreement in supporting the USD Bonds.