Sinopec and China Life's Natural-Gas Pipeline Deal Is Credit Positive for Both
ISSUER COMMENT CORPORATES DECEMBER 15, 2016 Sinopec and China Life’s Natural-Gas Pipeline Deal Is Credit Positive for Both From Credit Outlook On Monday, China Petroleum and Chemical Corporation (Sinopec Corp, Aa3 negative) said that it will sell half of its fully owned Sinopec Sichuan to East China Gas Pipeline Co., Ltd. (Sichuan-East Gas, unrated) to China Life Insurance Co. Ltd. (financial stre
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