S&P lifts China Resources Gas

S&P said it raised its long-term issuer credit rating on China Resources Gas Group Ltd. to A- from BBB+.

The outlook is stable.

“We raised the rating because we expect CR Gas to continue to have a strong operating performance and improve its financial performance over the next 12-24 months,” the agency said in a news release.

“The company's rapid growth in gas sales volume, stable margin and disciplined capital spending will support the improvement.”

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