Xinjiang Production and Construction Corps' First State-Owned Enterprise Receives AAA Credit Rating

Deep News
Sep 10

China United Credit Rating Co., Ltd., a leading domestic credit rating agency, recently released a rating report awarding China Xinjiang Power Construction Group Co., Ltd. an "AAA" corporate credit rating. This achievement places the company among the top tier of domestic enterprises in terms of credit rating and marks the first time a locally-based enterprise in the Xinjiang Production and Construction Corps has attained the highest AAA credit level.

The "AAA" rating represents the highest level of corporate credit rating. China Xinjiang Power Construction Group's achievement of this certification not only demonstrates strong market and institutional recognition of the company's overall strength, risk management capabilities, and governance standards, but also represents a significant breakthrough in the Corps' ongoing state-owned enterprise reform initiatives.

According to officials from the Corps' State-owned Assets Supervision and Administration Commission, this AAA credit rating will help China Xinjiang Power Construction Group further enhance its brand influence and market competitiveness. The rating establishes a solid foundation for the company to issue bond products through securities firms and develop new low-cost financing channels. Additionally, this development is expected to attract increased attention and investment from financial institutions in the Corps region, improving the overall financing capabilities of state-owned enterprises and providing stronger financial support for the Corps' economic development.

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