HONG KONG, 24 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 Jiangsu Zhongwu Urban and Rural Investment Development Group Co., Ltd., (“JZURID”; ‘BBB’/Stable).
JZURID intends to use the net proceeds from this offering for project construction and supplement of working capital.