Lianhe Global has assigned ‘BBB’ global scale Long-term Issuance Credit Rating to Taixing Jiangqiao Investment Construction Development Co., Ltd.’s proposed senior unsecured bonds

HONG KONG, 6 November 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 Taixing Jiangqiao Investment Construction Development Co., Ltd. (“TJICD”; ‘BBB/Stable’).

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