Lianhe Global has assigned ‘BBB-’ global scale Long-term Issuance Credit Rating to Shaanxi Xixian New Area Fengxi Development Group Co., Ltd.’s proposed senior unsecured bonds

HONG KONG, 17 February 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 Shaanxi Xixian New Area Fengxi Development Group Co., Ltd. (“SXFD”; ‘BBB-’/Stable).

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