Lianhe Global has assigned ‘BB+’ global scale Long-term Issuer and Issuance Credit Rating to Yancheng Oriental Investment & Development Group Co., Ltd. and its proposed USD bonds; the Issuer Rating’s Outlook is Stable

HONG KONG, 18 September 2019 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BB+’ global scale Long-term Issuer Credit Rating to Yancheng Oriental Investment & Development Group Co., Ltd (“Yancheng Oriental”). The Outlook is Stable.

At the same time, Lianhe Global has assigned ‘BB+’ global scale Long-term Issuance Credit Rating to the proposed senior unsecured USD bonds (“the USD bonds”) to be issued by Yancheng Oriental’s wholly-owned subsidiary Oriental Capital Company Limited, which is unconditionally and irrevocably guaranteed by Yancheng Oriental.

Yancheng Oriental intends to use the net proceeds from this offering for refinancing its existing indebtedness and for general corporate purposes.

LEARN MORE