The report by United Credit Ratings maintains Shenzhen Grain Holdings' long-term credit rating at AA+ and the "23 Jingliang 01" bond rating at AAA, with a stable outlook. Key financial figures indicate a significant decline in profits due to reduced soybean processing and market competition. The company aims to enhance its competitiveness through ongoing projects and strong support from its major shareholder, Beijing Shounong Food Group.
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According to relevant regulatory requirements, this follow-up rating is conducted by United Credit Ratings Co., Ltd. (hereinafter referred to as "United Credit") for Shenzhen Grain Holdings Co., Ltd. (hereinafter referred to as "the Company") and its related bonds.
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