HONG KONG, 18 April 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 CNY Bonds (“the Bonds”) to be issued by Taixing City Investment Development Group Co., Ltd. (“TCID”; ‘BBB+/Stable’).
TCID intends to use the net proceeds from this offering for project development and supplement of working capital.