HONG KONG, 18 July 2019 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘B+’ global scale Long-term Issuance Credit Rating to the proposed senior unsecured USD notes (“the USD notes”) to be issued by Jingrui Holdings Limited (“Jingrui”; ‘B+’/Stable).
Jingrui intends to use the net proceeds from the USD notes to refinance its existing indebtedness.