BEIJING, April 27, 2023- S&P Global (China) Ratings today announced that it has withdrawn its rating on the Senior Notes of the Xingrui 202BEIJING, April 27, 2023- S&P Global (China) Ratings today announced that it has withdrawn its rating on the Senior Notes of the Xingrui 2022-1 Non-Performing Asset Backed Securities follows the complete paydown of the senior notes as reflected in the latest trustee report for the transaction，which was originated by Industrial Bank Co., Ltd (CIB).
Rating Withdrawn:
Senior Notes: AAAspc(sf)
Methodology Applied:
S&P Ratings China--Structured Finance Methodology
Related Research:
Commentary: Understanding Our Approach to China Consumer Asset-Backed Securities
Media Contacts:
Sharon Tang, Beijing, (86)10-6569-2988; sharon.tang@spgchinaratings.cn
Analyst Contacts:
Enjie Zhang, Beijing; enjie.zhang@spgchinaratings.cn
Kaiyan Li, Beijing; kaye.li@spgchinaratings.cn
Siyue Zhu, Beijing; april.zhu@spgchinaratings.cn
