S&P affirms China General Nuclear

S&P said it affirmed its A- long-term issuer credit rating on China General Nuclear Power Corp. (CGNPC). The outlook is stable.

S&P also affirmed the BBB+ long-term issue rating on the senior unsecured notes issued by CGNPC International Ltd. and guaranteed by CGNPC.

“We affirmed the rating because we expect CGNPC's nuclear power plant capacity-led profit growth to offset the impact of growing debt, allowing the cash flow leverage to moderately improve over the next two years,” S&P said in a news release.

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