Home Credit Ratings and Research S&P Global Ratings’ Credit Research State Grid Corp. of China

State Grid Corp. of China

Published Jul 24, 2015

About This Report

Abstract:

Dominant position in China's power transmission and distribution sector. Good record of ensuring grid safety and stability. Reasonable ability to pass through power purchase costs. Moderation in China's growth in power demand. Operating challenges from ultra-high voltage projects and rapid development of renewable energy. Strong and stable cash flows from power transmission and distribution. Significant capital expenditure. The stable outlook on State Grid Corp. of China (SGCC) reflects our expectation that the company will maintain its solid market position in China's power transmission and distribution sector over the next 24 months and continue to receive extraordinary support from the Chinese government when necessary. We expect SGCC to continue to generate steady cash flows from transmission and distribution (T&D) tariffs. We

Report Type:

Full Report

Issuer

State Grid Corp. of China

GICS

Electric Utilities (55101010)

Sector

Global Issuers

Country

China

Region

Emerging Markets

Format:

PDF

Research Update: State Grid Corp. of China 'AA-' And 'cnAAA' Ratings Affirmed; Outlook Negative – 2016/04/21 – US$ 225.00

Research Update: State Grid Corp. Of China 'AA-' Rating Affirmed; New MTN Program Rated 'AA-' – 2017/04/18 – US$ 225.00

State Grid Corp. Of China 'AA-' Rating Affirmed; New MTN Program Rated 'AA-' – 2017/04/18 – US$ 150.00

State Grid Corp. of China – 2017/04/24 – US$ 500.00

State Grid Corp. of China – 2017/07/13 – US$ 500.00

Summary: State Grid Corp. of China – 2015/07/24 – US$ 225.00

State Grid Corp. of China 'AA-' Rating Affirmed On Continuing Strong Business Performance And Cash Flows; Outlook Stable – 2014/05/16 – US$ 150.00

State Grid Corp. of China – 2014/04/25 – US$ 500.00

Summary: State Grid Corp. of China – 2014/04/25 – US$ 225.00

State Grid Corp. of China's U.S. Dollar Guaranteed Senior Notes Assigned 'AA-' And 'cnAAA' Ratings – 2014/04/16 – US$ 150.00

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MLA:	S&P Global Ratings’ Credit Research. "State Grid Corp. of China" Jul 24, 2015. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/State-Grid-Corp-of-China-1424038>

APA:	S&P Global Ratings’ Credit Research. (). State Grid Corp. of China Jul 24, 2015. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/State-Grid-Corp-of-China-1424038>

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