Lianhe Global has assigned ‘BBB’ global scale Long-term Issuance Credit Rating to Changsha Tianxin State Property Group Co., Ltd.’s proposed senior unsecured bonds

HONG KONG, 25 May 2023 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BBB’ global scale Long-term Issuance Credit Rating to the senior unsecured bonds (“the Bonds”) to be issued by Changsha Tianxin State Property Group Co., Ltd (“CTSPG”; ‘BBB’/Stable).

CTSPG intends to use the net proceeds from this offering for project construction and supplement of working capital.