Report
EUR 166.22 For Business Accounts Only

Moody's upgrades Longyuan's rating to A3, outlook stable

Hong Kong, December 23, 2016-- Moody's Investors Service has upgraded China Longyuan Power Group Corporation Ltd.' s issuer rating to A3 from Baa1. The outlook for the rating remains stable. "The rating upgrade reflects our view that structural subordination risk is mitigated by the high level of parental support to Longyuan directly as the holding company in a financially distressed situation, thereby the position of improving holding company creditors over operating...
Underlying
China Longyuan Power Group Corp. Ltd. Class H

China Longyuan Power Group and its subsidiary are engaged in the design, development, construction, management and operation of wind farms; operate other power projects such as coal power, solar power, tidal, biomass and geothermal energy; provide of consulting, repair and maintenance, training and other professional services to wind farms; and manufacture and sale power equipment used in the power grids, wind farms and coal power plants. As of 31 Dec 2009, Co. installed capacity and gross wind power generation were 4,503.5 MW and 6,211,021.7 MWh, respectively.

Provider
Moody's Investors Service
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:

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