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          October 12, 2020

          CCXAP affirms Ronshine China Holdings Limited long-term credit rating at BBg+, with stable outlook; and affirms ratings of its US dollar-denominated senior notes

          Hong Kong, 12 October 2020 -- China Chengxin (Asia Pacific) Credit Ratings (“CCXAP”) has affirmed the long-term credit rating of Ronshine China Holdings Limited (“Ronshine China” or the “Company”) at BBg+. The rating outlook is stable. At the same time, CCXAP affirms the BBg+ ratings on Ronshine China’s USD410 million 7.35% senior notes due 2023 and USD200 million 6.75% senior notes due 2024.

           

          Click HERE to download the press release.

           

          CCXAP’s public ratings are available at www.lxjqb2004.com (Rating Results) and may be distributed through media and other means. Methodology used in this rating is the Global Rating Methodology for Real Estate Development Industry dated December 2019, available at www.lxjqb2004.com (Rating Methodologies).

           

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