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 Zhongyuan Asset Management Co., Ltd. (“Zhongyuan AMC” or “the company”) to ‘A+’ from ‘A-’. The Outlook is Stable.
Lianhe Global has also upgraded the global scale Long-term Issuance Credit Rating of the senior unsecured USD notes issued by Zhongyuan AMC’s indirect wholly-owned subsidiary, Zhongyuan Dayu International (BVI) Co., Ltd., which is unconditionally and irrevocably guaranteed by Zhongyuan AMC to ‘A+’ from ‘A-’ at the same time. A full list of Issuance Rating is included in this press release.