Fitch rates China Shenhua A+

Fitch Ratings said it published China Shenhua Energy Co. Ltd.’s long-term issuer default rating and senior unsecured rating of A+.

The outlook is stable.

Shenhua’s standalone credit profile of A reflects its robust operating profile underpinned by a unique integrated business model with high quality assets, favorable regulations and conservative financial profile, which mitigate its concentration risks, Fitch said.

But its parent, Shenhua Group Co. Ltd., is financially more leveraged on a consolidated basis, the agency said.

The ratings also consider the strategic position of the company and its parent in China’s coal value chain, Fitch said.

The company’s focus on coal exposes it to a single commodity price, the agency added.

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