The Great Breakthrough in The Group’s Bond Rating
According to relevent regulations issued by China Securities Regulatory Commission，China Chengxin Securities Co., Ltd., a credit rating agency which entrusted by the Group to rate the corporate bond (Phase 1) of 2018 (hereinafter referred to as the “18 Gongyong 01” ).
The result of the Group's previous credit rating was AA+; and the rating result of the corporate bond “18 Gongyong 01” was AA+; on the basis of comprehensive analysis and assessment of the group's operation status, industry and other situations in recent years, China Chengxin Securities Co., Ltd. issued the rating report on Shanghai Dazhong Public Utilities (Group) Co., Ltd.’s corporate bond (Phase 1) of 2018 on May 29, 2018. The Group's major long-term credit rating now has raised to AAA, with the rating outlook turned to be "stable", and the credit rating of the corporate bond “18 Gongyong 01” also raised to AAA.
The improvement of the credit rating of the group's bonds has played a positive role in increasing influences and improving the market sales of the corporate bonds in the future so as to reducing the issuance cost.
