Fitch assigns CTG International A+

Fitch Ratings said it assigned China Three Gorges International Ltd. an A+ long-term issuer default rating and an A+ senior unsecured rating. The outlook is stable.

“Ctgil is the sole platform for the investment, development and operation of overseas power-generation assets under China Three Gorges Corp. (CTG, A+/stable), the world's largest hydropower producer and China's leading clean-energy developer. Fitch equalizes Ctgil's IDR with the parent's based on the assessment of high operational, medium strategic and medium legal incentives, under a ‘strong parent, weak subsidiary’ path in accordance with our parent and subsidiary linkage (PSL) rating criteria,” Fitch said in a press release.

CTG owns 78% of Ctgil.

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