recently, china longyuan power has been rated by the internationally known credit rating agencies -- standard & poor and moody. after considering comprehensively its leading position in the market, excellent financial conditions, powerful operation ability and stable prospect, stand & poor rated the company at bbb+ and moody gave it the rating of baa3. meanwhile the rating expectations of both agencies are “stable”. in particular, its rating of bbb+ is the highest one that has been received by the big 5 of chinese power groups. in addition, this rating is also the highest one that has been received by the chinese power company listed in hkex as well as the highest one compared with those of the peer new energy companies in the world.
china guodian corporation highly emphasized this rating work. zhang guohou, chief accountant and member of the party leadership group, attended the presentation meeting held by the company’s management of rating agency. xie changjun, president of the company, exchanged ideas with the analysts of the rating agencies about the advantages of the company, industrial overview, development strategy, financial conditions and the state’s support to the company so that rating agencies had deepened their understanding of the company.
this rating result fully recognizes the achievements that have been made by the company in the field of new energies in the past ten years. meanwhile, it laid a solid foundation for the company to build the diversified international financing platform as well as create the smooth financing channel to the market of international bonds. therefore, it indicates that china longyuan power has made another important step along the road of internationalization.