Lianhe Global has assigned ‘BB-’ to Yango Group Co., Ltd’s proposed USD notes

HONG KONG, 08 January 2020 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BB-’ global scale Long-term Issuance Credit Rating to the proposed senior unsecured USD notes (“the USD  notes”) to be issued by Yango Justice International Limited (“Yango Justice”) and guaranteed by Yango Group Co., Ltd (“Yango”; ‘BB-’/Stable). Yango Justice is a wholly-owned subsidiary of Yango.

Yango intends to use the net proceeds from this offering for refinancing its existing indebtedness.