Moodys Investors Service - Xinjiang Goldwind Science Technology Co. Ltd. Class A (002202) Xinjiang Goldwind Science Technology Co Ltd: Update following placement of rating under review for downgrade

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Moody's Investors Service

EUR 239.43 For Business Accounts Only

Xinjiang Goldwind Science & Technology Co Ltd: Update following placement of rating under review for downgrade

Our credit view of Goldwind, reflecting its heightened leverage due to sizable capital spending and the weakened profitability of its manufacturing business.

17/09/2019 12 EN

Underlying

Xinjiang Goldwind Science & Technology Co. Ltd. Class A

Xinjiang Goldwind Science & Technology and its subsidiaries are principally engaged in the research and development, manufacture and sale of wind turbine generators and wind power components; development and operation of wind farms, consisting of wind power generation service provided by Co.'s wind farms as well as the sale of wind farms; and the provision of wind power related consultancy, wind farm construction, maintenance and transportation services. Co.'s businesses are organized into three operating units: wind turbine generator manufacturing and sale, wind power services and wind farm development. Co. distributes its products primarily in domestic and overseas markets.

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CNE1000008S5 Shenzhen Stock Exchange China

Provider

Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations

Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.

Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.

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