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S&P affirms ChemChina
S&P said it affirmed its BBB long-term corporate credit rating on China National Chemical Corp. (ChemChina).
The outlook is stable.
The agency also affirmed the BBB long-term issue rating on the outstanding senior unsecured notes that ChemChina guarantees.
S&P said it affirmed the rating on ChemChina following the affirmation on subsidiary Syngenta AG.
“We believe the Chinese government's extraordinary support to ChemChina remains intact. We continue to assess ChemChina as having a very strong link with, and an important role to, China's central government,” the agency said in a news release.
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