HONG KONG, 28 June 2024 – 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 Jurong Rongfeng Construction Co., Ltd. (“JRC”; ‘BBB-/Stable’).
JRC intends to use the net proceeds from this offering for project construction and supplement of working capital.