Zhaoqing Guolian Investment Holding Co., Ltd: New issuer

Zhaoqing Guolian Investment Holding Co., Ltd: Update following sovereign outlook change to negative - Credit Opinion – 2023/12/07 – US$ 250.00 – ...Zhaoqing Guolian Investment Holding Co., Ltd's (Zhaoqing Guolian) Baa3 issuer rating is based on the Zhaoqing city government's capacity to support (GCS) score of baa2; and our assessment of how the company's characteristics affect the city government's propensity to support, resulting in a one-notch downward adjustment. Our assessment of Zhaoqing's GCS score reflects Zhaoqing's status as a prefecture-level city in Guangdong, a province on the south coast of China (A1 negative) with relatively strong economic and fiscal strength; the city's relatively weak economic fundamentals with low GDP per capita; and the relatively large gap between the city's operating revenue and expenditure, which results in its high reliance on transfer payments. The Baa3 rating also reflects the Zhaoqing city government's propensity to support Zhaoqing Guolian, given the city government's effective and direct control of the company, the company's status as the largest local state-owned enterprise (SOE) in the...

Zhaoqing Guolian Investment Holding Co., Ltd: Update to credit analysis - Credit Opinion – 2023/09/29 – US$ 250.00 – ...Zhaoqing Guolian Investment Holding Co., Ltd's (Zhaoqing Guolian) Baa3 issuer rating is based on the Zhaoqing city government's capacity to support (GCS) score of baa2; and our assessment of how the company's characteristics affect the city government's propensity to support, resulting in a one-notch downward adjustment. Our assessment of Zhaoqing's GCS score reflects Zhaoqing's status as a prefecture-level city in Guangdong, a province on the south coast of China (A1 stable) with relatively strong economic and fiscal strength; the city's relatively weak economic fundamentals with low GDP per capita; and the relatively large gap between the city's operating revenue and expenditure, which results in its high reliance on transfer payments. The Baa3 rating also reflects the Zhaoqing city government's propensity to support Zhaoqing Guolian, given the city government's effective and direct control of the company, the company's status as the largest local state-owned enterprise (SOE) in the city...

Zhaoqing Guolian Investment Holding Co., Ltd: Update to credit analysis - Credit Opinion – 2022/11/08 – US$ 250.00 – ...Zhaoqing Guolian Investment Holding Co., Ltd's (Zhaoqing Guolian) Baa3 issuer rating is based on the Zhaoqing city government's capacity to support (GCS) score of baa2; and our assessment of how the company's characteristics affect the city government's propensity to support, resulting in a one-notch downward adjustment. Our assessment of Zhaoqing's GCS score reflects Zhaoqing's status as a prefecture-level city in Guangdong, a province on the south coast of China (A1 stable) with relatively strong economic and fiscal strength; the city's relatively weak economic fundamentals with low GDP per capita; and the relatively large gap between the city's operating revenue and expenditure, which results in its high reliance on transfer payments. The Baa3 rating also reflects the Zhaoqing city government's propensity to support Zhaoqing Guolian, given the city government's effective and direct control of the company, the company's status as the largest local state-owned enterprise (SOE) in the city...

Zhaoqing Guolian Investment Holding Co., Ltd: Following update of methodology - Credit Opinion – 2022/04/20 – US$ 250.00 – ...Zhaoqing Guolian Investment Holding Co., Ltd's (Zhaoqing Guolian) Baa3 issuer rating is based on the Zhaoqing city government's capacity to support (GCS) score of baa2; and our assessment of how the company's characteristics affect the city government's propensity to support, resulting in a one-notch downward adjustment. Our assessment of Zhaoqing city's GCS score reflects Zhaoqing's status as a prefecture- level city in Guangdong, a province on the south coast of China (A1 stable) with relatively strong economic and fiscal strength; the city's relatively weak economic fundamentals with low GDP per capita; and the relatively large gap between the city's operating revenue and expenditure, which results in its high reliance on transfer payments. The Baa3 rating also reflects the Zhaoqing city government's propensity to support Zhaoqing Guolian, given the city government's effective and direct control of the company, the company's status as the largest local state-owned enterprise (SOE) in...

Moody's assigns first-time Baa3 rating to Zhaoqing Guolian; outlook stable - Rating Action – 2021/10/20 – US$ 180.00 – MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY CREDIT RATING, ASSESSMENT, OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY MOODY'S IN ANY FORM OR MANNER WHATSOEVER. Moody's Investors Service, Inc., a wholly-owned credit...

Moodys assigns first-time Baa3 rating to Zhaoqing Guolian; outlook stable (Chinese) - Rating Action – 2021/10/20 – US$ 180.00 – ¬ 2021 (Moody's Corporation) (Moody's Investors Service, Inc.) Moody's Analytics, Inc./("") / "" "" Moody's Analytics, Inc / () (benchmark) "" () (a) (b) ( ) ("MCO") () 1,000 2,700,000 MCO MCO MCO...