HONG KONG, 01 April 2019 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned a ‘B+’ global scale Long-term Issuer Credit Rating to Jingrui Holdings Limited (“Jingrui”). The Outlook is Stable.
At the same time, Lianhe Global has assigned ‘B+’ global scale Long-term Issuance Credit Rating to the proposed senior unsecured USD bonds (“the USD bonds”) to be issued by Jingrui Holdings Limited.
Jingrui intends to use the net proceeds from the USD bonds primarily for refinancing its existing indebtedness and for general corporate purposes.