中诚信国际：终止西安经发集团有限责任公司主体及相关债项信用评级

Core Viewpoint - The announcement from China Chengxin International indicates the termination of credit rating services for Xi'an Economic Development Group Co., Ltd. due to the company's decision based on its business development plans and actual circumstances [1][2]. Group 1: Credit Rating Details - Xi'an Economic Development Group issued bonds "23 Xi'an Economic Development 01/23 Xi'an 01" and "23 Xi'an Economic Development 02/23 Xi'an 02" in December 2023, which were rated by China Chengxin International [1]. - As of June 24, 2024, the company maintained a credit rating of AA with a stable outlook, while the bonds received a AAA rating, supported by guarantees from Shaanxi Credit Enhancement Investment Co., Ltd. and Gansu Financing Guarantee Group Co., Ltd. [1]. - The ratings were effective from the date of the report and were valid for the duration of the rated bonds [1]. Group 2: Termination of Rating Services - On June 18, 2025, China Chengxin International received a notice from Xi'an Economic Development Group stating the termination of credit rating services, citing business development considerations [2]. - The company will no longer provide relevant rating materials or pay associated fees to China Chengxin International [2]. - Following this decision, China Chengxin International's credit rating committee resolved to terminate the ratings for the company and its bonds, rendering the previous ratings invalid from the date of the announcement [2].