Fitch Ratings has formally confirmed to assign ZGC Development Group a long-term default rating of A in both foreign and local currencies as well as a stable outlook. Meanwhile, Fitch Ratings has also awarded an A rating on the Group’s $300 million senior unsecured notes due 2023 with a 2.875% coupon rate.

An international credit rating is given by a rating agency after its investigation, review, comparison, measurement and comprehensive evaluation of the ability of an enterprise to fulfill its economic commitments and its trustworthiness. Ratings from Fitch, one of the top 3 rating agencies in the world, are clearly differentiated and widely accepted by investors in the international capital market.