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| Saturday, 12 October 2019, 08:49 HKT/SGT | |
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HONG KONG, Oct 12, 2019 - (ACN Newswire) - On October 11th 2019, Fitch Ratings affirmed China State Construction Engineering Corporation Ltd.'s (CSCE) Long-Term Issuer Default Rating (IDR) and senior unsecured rating 'A' and Stable Outlook. Earlier in July, Moody's Investor Service (Moody's) announced A2 for China State Construction's Long Term Rating with Stable Outlook. And S&P Global Ratings (S&P) rated A for China State Construction's Credit Rating as well as Stable Outlook. The Company won Stable Outlook from all three rating agencies.
Moody's recognized China State Construction's leadership position in housing construction and real estate development area. S&P pointed out that China State Construction benefited from stable profit and well-known reputation. In the latest report issued by Fitch, China State Construction was rated A for broad program approach, scale advantage and stable profit ratio. All three agencies believed that there was still room for further development of China State Construction.
China State Construction has got Stable Outlook for five consecutive years. The market shows beliefs in the Company's bright future as China Construction got positive rating from all top three rating agencies in 2019.
Topic: Press release summary
Sectors: Daily Finance, Daily News
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