Moody's: Shanghai Electric's stable 1H17 results support its A2 rating
Announcement: Moody's: Shanghai Electric's stable 1 H17 results support its A2 rating. Global Credit Research- 06 Sep 2017. Hong Kong, September 06, 2017-- Moody's Investors Service says that Shanghai Electric Group Company Limited's results for the first half of 2017 support its A2 issuer rating and stable outlook, given its stable operations, strong backlog in orders, net cash position and high level of parental support.Shanghai Electric Group Company Limited is principally engaged in design, manufacture and distribution of electric power and industrial equipment. The Company's main business is new energy business, including the manufacture and sale of wind turbines and components and nuclear power equipment; efficient and clean energy business, including the manufacture and sale of thermal power equipment and power transmission and distribution equipment; industrial equipment, including the manufacture and sale of elevators and motors; modern service industry, including the contracting of construction projects of thermal power and transmission and distribution projects, as well as other businesses. The Company mainly operates its businesses in domestic and overseas markets.
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