Zhaoqing Guolian Investment Holding Co., Ltd: New issuer - Moody's Global Credit Research

Zhaoqing Guolian Investment Holding Co., Ltd: New issuer

Zhaoqing Guolian Investment Holding Co., Ltd: New issuer - Moody's Global Credit Research
Zhaoqing Guolian Investment Holding Co., Ltd: New issuer
Published Oct 24, 2021
12 pages (5318 words) — Published Oct 24, 2021
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Brief Excerpt:

...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...

  
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Zhaoqing Guolian Investment Holding Co., Ltd
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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...

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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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MLA:
Moody's Global Credit Research. "Zhaoqing Guolian Investment Holding Co., Ltd: New issuer" Oct 24, 2021. Alacra Store. Jan 28, 2022. <http://www.alacrastore.com/moodys-credit-research/Zhaoqing-Guolian-Investment-Holding-Co-Ltd-New-issuer-PBC_1307547>
  
APA:
Moody's Global Credit Research. (). Zhaoqing Guolian Investment Holding Co., Ltd: New issuer Oct 24, 2021. New York, NY: Alacra Store. Retrieved Jan 28, 2022 from <http://www.alacrastore.com/moodys-credit-research/Zhaoqing-Guolian-Investment-Holding-Co-Ltd-New-issuer-PBC_1307547>
  
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