Fitch affirms China Energy Engineering

Fitch Ratings said it affirmed China Energy Engineering Corp. Ltd.'s long-term issuer default rating and senior unsecured rating at A-.

The BBB+ long-term issuer default rating on subsidiary China Gezhouba Group Co. Ltd. was also affirmed.

The outlooks are stable.

“CEEC is a dominant player in the China thermal power engineering and construction (E&C) market and a strong market participant in E&C for clean energy segments, such as hydro, wind, solar and nuclear power,” the agency said.

“It essentially has a duopoly of the overall power E&C market in China with Power Construction Corp. of China (A-/stable).”

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