Moody’s gives Zhoushan City Investment Baa3

Moody’s Investors Service said it assigned a first-time Baa3 issuer rating to Zhoushan City Investment Group Corp Ltd.

“ZSCI’s Baa3 rating reflects its dominant position in undertaking public-policy projects in Zhoushan city and its strategic importance to the Zhoushan government,” said Ying Wang, a Moody’s vice president and senior analyst, in a press release.

The outlook is stable. The company’s outlook reflects the stable outlook on China’s sovereign rating, Moody’s said.

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