Moody's: China Three Gorges A1

Moody's Investors Service said it assigned an A1 issuer rating to China Three Gorges Corp.

The outlook is stable.

Moody's said the A1 rating reflects its baseline credit assessment of 10, equivalent to a Baa3 level on Moody's global rating scale, and a five-notch uplift after consideration of expected very high support from the Chinese government, under Moody's joint default analysis approach for government-related issuers.

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