it is learned on june 2 that standard & poor’s, the well-known international credit rating company, carried out follow-up international credit rating to china longyuan power. based on the leading market position, excellent financial situations, powerful capital operation ability and stable development prospect, the main rating of china longyuan power is up-regulated from bbb+ to a- by standard & poor’s. this rating is the highest level for comparable new energy listed company currently in the world. in the meantime, moody’s, another internationally famous rating institution also up-regulated the issuer rating of china longyuan power from baa3 to baa1, and evaluated the rating prospect as “stable”.
the rating results show that international independent authorized credit rating institutions affirms sufficiently for the sustainable optimization of operating performance and financial conditions of china longyuan power in recent years, and show the favorable credit capacity and debt repayment level of the company. meanwhile, the increase of rating may further reduce debt financing costs for overseas financing of china longyuan power in the future.