Fitch affirms China Yangtze

Fitch Ratings said it affirmed China Yangtze Power Co. Ltd.'s long-term foreign- and local-currency issuer default ratings at A- and its short-term foreign- and local-currency issuer default rating at F2.

The outlook is stable.

The ratings reflect the company's strong linkages with its parent company, China Three Gorges Corp. and the Chinese government, Fitch said.

The ratings also reflect additional headroom in its consolidated credit profile to finance the ongoing greenfield hydro power development and construction on the lower course of the Jinsha River, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.