We expect CSCI to maintain its good position in the Hong Kong and Macau E&C market, and that it will continue to engage in cash-consuming investment projects in China. We continue to assess CSCI as a "strategically important" subsidiary of CSCEC, a Chinese state-owned E&C company. We are affirming our 'BBB' long-term corporate credit rating and 'cnA' long-term Greater China regional scale rating on CSCI, a Hong Kong-based E&C company. We are also affirming the 'BBB' issue rating on the U.S. dollar-denominated senior unsecured notes guaranteed by CSCI. The stable outlook reflects our expectation that CSCI will maintain its good market position in Hong Kong and Macau, and steady earnings growth over the next 12-24 months. On Nov. 27, 2015,
