Lianhe Global has upgraded the global scale Long-term Issuer and Issuance Credit Rating of Qingdao City Construction Investment (Group) Limited to ‘A’ from ‘A-’; Issuer Rating Outlook Stable

HONG KONG, 31 March 2022 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has upgraded the global scale Long-term Issuer Credit Rating of Qingdao City Construction Investment (Group) Limited (“QCCI”) to ‘A’ from ‘A-’. The Outlook is Stable.