Fitch: China Three Gorges A+

Fitch Ratings said it published China Three Gorges Corp.’s long-term foreign- and local-currency issuer default ratings of A+, along with a senior unsecured rating of A+.

The outlook is stable.

The company’s ratings are equalized with the China sovereign, its sole owner, Fitch said.

The equalization reflects China Three Gorges irreplaceable critical role in China in terms of flood control, drought relief, navigation improvement and water supply, the agency said, as well as the strength of policy and financial support it consistently receives from the state.

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