Moody’s Investors Service has assigned a first-time Baa1 issuer rating to Contemporary Amperex Technology Co., Ltd. (CATL). At the same time, Moody’s has assigned a Baa1 senior unsecured rating to the proposed bonds to be issued by Contemporary Ruiding Development Limited — a directly wholly owned subsidiary of CATL — based on the unconditional and irrevocable guarantee provided by CATL.