The Upgrading of Corporate Bonds by CCXI
CCXI tracked and rated related debts within the Group's duration, which was approved by the credit rating committee of CCXI:
The main credit rating of the group was upgraded from AA+ to AAA, and the rating outlook was stable. The credit ratings of "17 Shanghai Dazhong MTN001" and "17 Shanghai Dazhong MTN002" were increased from AA+ to AAA.
CCXI's upgrade was mainly based on the following factors: the well development of gas business, obvious advantages of regional and brands, the strong profitability of venture capital business and the unobstructed channel of financing.
The upgrading of the Group and corporate bonds have a positive imfluence on increasing the awareness of investors and marketing sales of debt financing instruments and reducing issuing costs.
