Fitch Ratings: Confirmed Jiangyin State-controlled "BBB" long-term local and foreign currency issuer rating outlook "stable"

On September 15, Fitch Ratings confirmed the long-term foreign and local currency issuer default ratings (IDRs) of Jiangyin State-owned Assets Holding (Group) Co., Ltd. ("Jiangyin State Control") as "BBB" with a stable outlook. Fitch also confirmed the rating of the outstanding foreign currency senior unsecured bonds issued by Jiangyin State Control and its offshore subsidiary Chengda International Co., Limited as "BBB". The above-mentioned bonds are guaranteed by Jiangyin State Control.