Guiyang State-owned enterprises given top credit rating

Authoritative ratings agency Golden Credit Rating Co recently gave construction company Guiyang Urban Construction Investment Group Co Ltd   ̶ a State-owned enterprise based in Guiyang, capital city Southwest China's Guizhou province – a top L-3A credit rating.

The rating agency's deputy director, Huang Jin, said L-3A was the highest credit score in the bond market. Huang said the rating indicated that the company had entered the top echelon of domestic corporate credit ratings.

This was not only a recognition of the overall operations and capital strength of the group, Huang added, but also showed the confidence of the capital market in the long-term economic development of Guiyang, which was conducive to the expansion of financing channels for State-owned enterprises in the city.

Financial institutions in the metropolis are understood to be moving to integrate their system resources, innovate service models and undertake all-round cooperation with Guiyang Urban Construction Investment Group Co.

Meanwhile, in the wake of the ratings upgrade, Guiyang Urban Construction Investment Group Co Ltd has big plans, said deputy general manager Zhao Yanfei.

"Moving forwards, our group will make every effort to broaden its finance channels, expand the scale of assets, as well as strengthen the three main businesses of urban construction, development and comprehensive operations, as well as people's livelihood security," Zhao added.