Lianhe Ratings Global Limited (“Lianhe Global”) has assigned ‘BBB’ global scale Long-term Issuer Credit Rating to Science City (Guangzhou) Financial Leasing Co., Ltd. (“SCFL”); Outlook is Stable
The Issuer Rating reflects SCFL’s franchise in Guangdong’s leasing market, especially in Guangzhou’s Huangpu District (Guangzhou Development Zone) (“Huangpu District”) and Guangzhou Science City (“Science City”), sound business growth and strategy, sufficient capital adequacy and good access to funds, as well as the strong support received from Science City (Guangzhou) Investment Group Co., Ltd. (“SCI Group”), its major shareholder. The rating also considers its concentrated business profile and limited operating scale.
The Stable Outlook reflects our expectation that SCFL will maintain its current market position in the Science City while the SCI Group will continue to ensure SCFL’s stable operation.