Moody's: Shanghai Construction's modest 2016 results support its Baa1 ratings
Announcement: Moody's: Shanghai Construction's modest 2016 results support its Baa1 ratings. Global Credit Research- 29 Mar 2017. Hong Kong, March 29, 2017-- Moody's Investors Service says that Shanghai Construction Group Co., Ltd.' s modest 2016 results support its Baa1 issuer rating and the Baa1 backed senior unsecured bond rating of its subsidiary, YONGDA Investment Limited.Shanghai Construction and its subsidiaries are engaged in the general contracting, construction, designing and decorating of engineering project and domestic trading industry; rock mining; manufacturing and processing of concrete; investment, construction, operation, maintenance, repair and management of the Tong-San National Express Way (Shanghai-section) and Shanghai Middle Ring Road (Puxi Section); industrial and property management; garden afforestation; investment management and consultation services; building materials management; port handling services; design, production, distribution and act as an agent for domestic and overseas advertisement; and general freight transportation.
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