Core Points - Chengdu Jiaozi Emerging Financial Investment Group Co., Ltd. has decided to terminate its credit rating and tracking rating cooperation with China Chengxin International Credit Rating Co., Ltd. due to business development needs [2] - The company issued bonds "25 Jiaozi Emerging 01" and "25 Jiaozi Emerging 02" in March 2025, which were rated AAA by China Chengxin International [1] - The previous credit rating report from China Chengxin International rated the company's credit level as AA+ with a stable outlook, valid until September 2025 [1] Group 1 - On July 22, 2025, China Chengxin International announced the termination of credit ratings for Chengdu Jiaozi Emerging Financial Investment Group [1] - The company will no longer provide rating-related materials or pay for credit rating services following the termination [2] - The ratings for "25 Jiaozi Emerging 01" and "25 Jiaozi Emerging 02" will become invalid immediately upon the announcement [2]