Moody’s affirms Zhongyuan Yuzi

Moody's Investors Service said it affirmed Zhongyuan Yuzi Investment Holding Group Co., Ltd.'s issuer rating at A3.

The outlook is stable.

At the same time, the agency affirmed the A3 rating of the anticipated dollar-denominated senior unsecured notes to be issued by Zhongyuan Sincere Investment Co. Ltd. and guaranteed by Zhongyuan Yuzi.

Moody’s said the actions reflect an updated view on the likelihood of support for government-related issuers owned by regional and local governments, in light of the ongoing efforts of the Chinese government (A1 stable) to limit the ways in which support can be provided to the government-related issuers by their regional and local government owners or other entities.

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