Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Fitch Upgrades China Huaneng, HUANENG POWER to 'A', Outlook Stable
Recommend 2 Positive 1 Negative 0 |
||||
|
||||
|
Fitch Ratings upgraded the Long-Term Foreign-Currency Issuer Default Ratings of China Huadian Corporation Ltd. (China Huaneng) and its 46.23%-owned flagship subsidiary HUANENG POWER (00902.HK) from 'A-' to 'A', with a Stable outlook. Fitch also upgraded the senior unsecured ratings of the two issuers and the senior unsecured US dollar notes issued by China Huaneng Group (Hong Kong) Treasury Management Holding Limited and guaranteed by China Huaneng from 'A-' to 'A'. Fitch believed that the four major central state-owned power generation enterprises directly supervised by the State-owned Assets Supervision and Administration Commission of the State Council are, overall, critical to China's increasingly complex power system and market structure. Against a backdrop of heightened geopolitical uncertainty and rising energy security risks, these enterprises play a key role in meeting growing electricity demand, primarily through expanding renewable energy installed capacity. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
