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Towngas Smart Energy Company Limited: Update to credit analysis

Our credit view of this issuer reflects its two-notch rating uplift, reflecting strong parental support, constrained by its pressure on credit metrics because of high capital spending.

Towngas Smart Energy Company Limited: Update following rating affirmat...

Our credit view of this issuer reflects its two-notch rating uplift, reflecting strong parental support, constrained by its pressure on credit metrics because of high capital spending.

Towngas Smart Energy Company Limited: Update to credit analysis

Our credit view of TSEL reflects its favorable growth momentum, supported by government policies, constrained by the pressure on its credit metrics because of high capital spending.

Towngas Smart Energy Company Limited: Exit of Shanghai Gas investment ...

Proceeds from the disposal are likely to be very close to the company’s original investment in Shanghai Gas in 2021 of RMB4.7 billion.

Towngas Smart Energy Company Limited: Update to credit analysis

Our credit view of Towngas China Company Limited reflects its favorable growth momentum, supported by government policies, offset by its moderate financial profile and high capital spending.

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