HONG KONG, 18 June 2024 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has upgraded the global scale Long-term Issuer Credit Rating of Huai’an Traffic Holding Group Company Limited (“Huai’an Traffic” or “the company”) to ‘BBB+’ from ‘BBB’. The Outlook is Stable.
Lianhe Global has also upgraded the global scale Long-term Issuance Credit Rating of the senior unsecured USD bonds issued by Huai’an Traffic to ‘BBB+’ from “BBB” at the same time. A full list of Issuance Rating is included in this report.