HONG KONG, 10 August 2022 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has upgraded the global scale Long-term Issuer Credit Rating of Shaoxing City Investment Group Limited (“SCIG”) to ‘A’ from ‘A-‘. The Issuer Rating Outlook is Stable.
Lianhe Global has also upgraded the global scale Long-term Issuance Credit Rating of the senior unsecured USD bonds issued by SCIG to ‘A’ from ‘A-‘ at the same time. A full list of Issuance rating is included in this press release.