Lianhe Ratings Global Limited has affirmed ‘BBB+’ global scale Long-term Issuer and Issuance Credit Rating of Qingdao Jiaozhou Bay Development Group Co., Ltd.; Issuer Rating Outlook is Stable

HONG KONG, 2 April 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has affirmed ‘BBB+’ global scale Long-term Issuer Credit Rating of Qingdao Jiaozhou Bay Development Group Co., Ltd. (“JZBD” or “the company”); Issuer Rating Outlook is Stable.

Lianhe Global has also affirmed ‘BBB+’ global scale Long-term Issuance Credit Rating of the senior unsecured bonds issued by JZBD at the same time. A full list of affirmed issuance rating is included in this press release.