CITIC Resources Holdings Ltd http://www.alacrastore.com/company-snapshot/CITIC_Resources_Holdings_Ltd-2017353 Wednesday, October 08, 2008 5:10:36 AM 2017353 CITIC Resources Holdings Ltd en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/652019spcred/652019normThe latest Full Report from S&Pglobal6/4/2008 2:33:48 AM400Full Report652019Hong KongTrading Companies & DistributorsAsiaEmerging MarketsGlobal IssuersFinancial InstitutionsCorporationsFull ReportCyclical businesses with limited synergy Cash flow and profitability highly vulnerable to volatility in commodity prices Aggressive debt leverage Explicit/implicit support from its parent Medium-sized proven reserves base for the Karazhanbas oilfield Partnership with national oil company in Kazakhstan The rating on CITIC Resources Holdings Ltd. (CRH) reflects the company's stand-alone credit profile and the benefits it derives from being strategically important to the wider CITIC Group. At this time, the rating is a notch below that on CITIC Group (BBB-/Positive/A-3), as CRH is not yet a core part of the conglomerate. CRH is exposed to cyclical businesses with limited synergy. It is an investment holding company in Hong Kong with a diverse business portfolio in the natural resources andHKG20107010 201070 2010 20CITIC Resources Holdings Ltd.417418ASIAEMERGING1205@HKFULLHKGCHN16939740201030 402010 4020 4040101010 401010 4010 40CITIC GroupCITIC International Financial Holdings Ltd. (Unsolicited Ratings)126756374802EMERGINGASIACITIC@CH183@HKGLOBISSFICORPCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/652020spcred/652020normThe latest Summary from S&Pglobal6/4/2008 2:33:48 AM175Summary652020Hong KongTrading Companies & DistributorsAsiaEmerging MarketsGlobal IssuersFinancial InstitutionsCorporationsSummaryThe rating on CITIC Resources Holdings Ltd. (CRH) reflects the company's stand-alone credit profile and the benefits it derives from being strategically important to the wider CITIC Group. At this time, the rating is a notch below that on CITIC Group (BBB-/Positive/A-3), as CRH is not yet a core part of the conglomerate. CRH is exposed to cyclical businesses with limited synergy. It is an investment holding company in Hong Kong with a diverse business portfolio in the natural resources and energy industries. Its main businesses include aluminum smelting, coal, manganese, import and export of commodities, and crude oil production. It has limited experience in upstream oil operations, as a new entrant, and a concentration of reserves and production inHKG20107010 201070 2010 20CITIC Resources Holdings Ltd.417418ASIAEMERGING1205@HKSUMMARYCHN16939740201030 402010 4020 40CITIC Group126756ASIAEMERGINGCITIC@CHGLOBISSFICORPCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_156474_820175133moodys/PR_156474_820175133htmlGlobal Credit Research Announcement # JUN #### Announcement: CITIC Resources Finance (####) Limited Moody's affirms CITIC Resources' Ba# rating; outlook stable Hong Kong, June ##, #### -- Moody's Investors Service has affirmed the...6/3/2008 1:07:45 AMhtmlCITIC Resources Finance (2007) LimitedCITIC Resources Holdings LimitedCITIC Resources Finance (2007) Limited; CITIC Resources Holdings Limited820175133809427917150.0000NewsAnnouncementPR_156474_820175133Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_809427917moodys/COP_809427917htmlGlobal Credit Research Credit Opinion ## MAY #### Credit Opinion: CITIC Resources Holdings Limited CITIC Resources Holdings Limited Bermuda Ratings Category Moody's Rating Outlook Stable Corporate Family Rating -Dom Curr Ba# CITIC...5/27/2008 12:16:50 AMhtmlCITIC Resources Holdings LimitedCITIC Resources Holdings Limited809427917150.0000NewsCredit OpinionCOP_809427917Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/bir/1203201bir/1203201normCITIC Resources Holdings Ltd.Hong KongMining: Operation of the Porland Aluminium smelter; import of a wide range of commodities including fertilisers, iron ore and alumina; operation of coal mining and sale of coal; sale of crude oil; manufacture and sale of plywood1221122224352436333450315052671921211121211232121132121233131242331042352055111210HK012054/22/2008 8:43:00 AM1203201Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/moodys/PR_146181_820175133moodys/PR_146181_820175133htmlRating Action12/14/2007 12:18:51 AMGlobal Credit Research Rating Action ## DEC #### Rating Action: CITIC Resources Finance (####) Limited Moody's affirms CITIC Resources' ratings; outlook stable Hong Kong, December ##, #### -- Moody's Investors Service has affirmed...CITIC Resources Finance (2007) Limited820175133150.0000Newshtml809427917CITIC Resources Holdings LimitedCITIC Resources Finance (2007) Limited; CITIC Resources Holdings LimitedPR_146181_820175133Credit & Investment ResearchMoody's Global Credit Research