Fitch maintains CYPC's "A+" international credit rating
Fitch Ratings, as one of the world's three largest international rating agencies along with Standard & Poor's and Moody's, is committed to providing timely, accurate and forward-looking rating opinions. Since CYPC first received an "A+" international credit rating from Fitch in April 2015, Fitch has maintained the company's "A+" rating for nine consecutive years. Such a rating is a high affirmation of CYPC's business concept and performance, which will help CYPC improve its market image, increase its corporate reputation and enhance its core competitiveness, reduce its financing cost in domestic and foreign capital markets, improve the availability of overseas financing, and promote the steady progress of CYPC's international strategy.
Moody's maintains CYPC's "A1" international credit rating
In September 2021, CYPC received an "A1" international credit rating from Moody's for the first time. Since 2021, Moody's has maintained the company's "A1" rating for three consecutive years. The "A1" rating given by Moody's will help CYPC consolidate its good image of sound credit standing in the international market, further improve its domestic and foreign financing ability, and boost its international development strategy.
CCXI maintains CYPC's "AAA" rating
Since CYPC first received the "AAA" rating from CCXI in August 2006, CCXI has maintained the CYPC's "AAA" rating for 18 consecutive years, and the outlook for rating is stable. As the largest listed hydropower enterprise in China, CYPC keeps a stable leading position in the industry and boasts outstanding scale advantages, strong capital strength, good performance in power consumption and guarantee, strong profitability and cash acquisition ability, and smooth equity and debt financing channels.
