HONG KONG, 30 October 2026 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘AA-’ global scale Long-term Issuance Credit Rating to the proposed CNY Credit Enhanced Bonds (“the Bonds”) to be issued by Mianyang Science Technology City Development Investment (Group) Co., Ltd. (“MSTCD”; ‘A-’/Stable). The Bonds will have the benefit of an irrevocable Standby Letter of Credit (“SBLC”) issued by China Merchants Bank Co., Ltd. (“CMB”), Chengdu Branch.
MSTCD intends to use the net proceeds from this offering for repayment of offshore indebtedness in accordance with the NDRC Certificate.