GIH keeps its high-level AAA credit rating

Given the good condition of its assets and solvency, Guiyang Industrial Development Holding Group (GIH) has kept its high-level AAA credit rating after a new round of evaluations conducted by the Shanghai Brilliance Credit Rating & Investors Service Co (Shanghai Brilliance Rating), according to local media reports on Jan 15.

As a comprehensive State capital operation and State capital investment company in Guiyang, capital city of Southwest China's Guizhou province, the AAA rating is a sign of recognition for GIH. It will play a pivotal role in helping the company continue to expand its financing channels and reduce its financing cost.

According to the Shanghai Brilliance Rating, the earliest credit rating agency with complete qualifications in China, GIH has successfully deepened the reformation of State-owned enterprises and has integrated urban operating resources in Guiyang.

Since the establishment of GIH, it has received strong support from the Guiyang municipal people's government in terms of asset transfer, capital arrangement, and government subsidies. 

The group has a large scale of assets, strong capital strength, an appropriate level of debt operation, and controllable debt repayment pressure. With the help of various favorable policies within China, the Group will certainly exert its advantages and capabilities to accelerate the development of Guiyang.