HONG KONG, 27 December 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 Jining City Development Capital Holdings Co., Ltd. (“JCDCH”; ‘BBB-/Stable’).
JCDCH intends to use the net proceeds from this offering for project construction and supplement of working capital.