HONG KONG (S&P Global Ratings) Nov. 3, 2026--S&P Global Ratings today assigned its'A-'long-term issue rating to the Chinese renminbi-denominated senior unsecured notes that China Chengtong Hong Kong Co. Ltd. proposes to issue. CCT HK Capital Ltd., a wholly-owned special purpose vehicle, will issue the notes while Chengtong Hong Kong will provide an unconditional and irrevocable guarantee. The group's parent, China Chengtong Holdings Group Ltd., will also provide a keepwell and liquidity support deed and an equity interest purchase undertaking. The rating is subject to our review of the final terms and conditions. Chengtong Hong Kong (A-/Stable/--) will use the proceeds to repay certain existing indebtedness. The company will use an amount equal to the net proceeds from this
