Moody's Ratings affirms A3 issuer rating of Shandong Hi-speed; outlook stable

Moody's Ratings affirms A3 issuer rating of Shandong Hi-speed; outlook stable (Chinese) - Rating Action – 2024/04/25 – US$ 180.00 – 6 "SPO"""SPO SPO "" "" "" SPO(1) (2) (3) "" ...

Shandong Hi-speed Group Co., Ltd: Update to credit analysis - Credit Opinion – 2024/01/29 – US$ 250.00 – ...Shandong Hi-speed Group Co., Ltd's (SDHG) A3 issuer rating incorporates its ba1 Baseline Credit Assessment (BCA), and our assessment of a high likelihood of support from and a high level of dependence on the Shandong provincial government and, ultimately, the Government of China (A1 negative) if necessary, which results in a four-notch uplift to its final rating. SDHG's ba1 BCA reflects the company's status as the transportation infrastructure platform of Shandong province and its proven track record of receiving financial support from the local government. These strengths are balanced against the increasingly commercial nature of the company's non-transportation businesses, which carry higher risks and have weaker credit profiles; the company's high leverage and sizable capital spending pipeline, based on the government's transportation investment plans; and the evolving regulatory regime for its core toll road business. The support assessment reflects SDHG's status as the Shandong provincial...

Moody's assigns A3 to Shandong Hi-speed's guaranteed bonds - Rating Action – 2023/05/16 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Moody's assigns A3 to Shandong Hi-speed's guaranteed bonds (Chinese) - Rating Action – 2023/05/16 – US$ 180.00 – FSA Commissioner (Ratings) 2 3 MJKK MSFJ () MJKK MSFJ () ( ) MJKK MSFJ () 100,000 550,000,000 MJKK MSFJ 7 ...

Shandong Hi-speed Group Co., Ltd: Update to credit analysis - Credit Opinion – 2023/01/26 – US$ 250.00 – ...Shandong Hi-speed Group Co., Ltd's (SDHG) A3 issuer rating incorporates its ba1 Baseline Credit Assessment (BCA), and our assessment of a high likelihood of support from and a high level of dependence on the Shandong provincial government and, ultimately, the Government of China (A1 stable) if necessary, which results in a four-notch uplift to its final rating. SDHG's ba1 BCA reflects the company's status as the transportation infrastructure platform of Shandong province and its proven track record of receiving financial support from the local government. These strengths are balanced against the increasingly commercial nature of the company's non-transportation businesses, which entail higher risks and have weaker credit profiles; its high leverage and sizable capital spending pipeline, based on the government's transportation investment plans; and the evolving regulatory regime for the company's core toll road business. The support assessment reflects SDHG's status as the Shandong provincial...