HONG KONG, 22 April 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BBB’ global scale Long-term Issuance Credit Rating to the EUR Bonds (“the Bonds”) to be issued by Shandong Mingshui Guokai Development Group Co., Ltd. (“SMGD”; ‘BBB/Stable’).
SMGD intends to use the net proceeds from this offering for refinancing its existing offshore indebtedness.