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

State Grid Corp. of China

Published Jul 13, 2017

12 pages (4454 words) — Published Jul 13, 2017

Price US$ 500.00 | Buy this Report Now

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Abstract:

Good ability to preserve margins through stable power transmission and distribution tariff Improving cash flow visibility as the ongoing power sector reform provides greater transparency Dominant position in China's power transmission and distribution sector Good track record in ensuring grid safety and stability Slowing growth of power demand in China Strong and stable cash flow from power transmission and distribution Significant capital expenditure The negative rating outlook on State Grid Corp. of China (SGCC) reflects our negative outlook on the sovereign credit rating on China. We expect SGCC, on a stand-alone basis, to sustain a stable credit profile over the next 24 months owing to its ability to preserve margins because of stable transmission and distribution (T&D) tariffs. Meanwhile, we

Brief Excerpt:

...(Editor's Note: On July 13, 2017, we republished this article, originally published May 6, 2016, to correct a description of Country Risk And Industry Risk.)...

Report Type:

Full Report

Issuer

State Grid Corp. of China

GICS

Electric Utilities (55101010)

Sector

Global Issuers

Country

China

Region

Emerging Markets

Format:

PDF

21 Chinese Government-Related Corporate And Infrastructure Entities Downgraded Following Similar Action On The Sovereign – 2017/09/22 – US$ 150.00

Research Update: State Grid Corp. of China 'A+' Rating Affirmed With Stable Outlook; Proposed Senior Unsecured Notes Rated 'A+' – 2018/04/16 – US$ 225.00

State Grid Corp. of China – 2018/07/11 – US$ 500.00

Summary: State Grid Corp. of China – 2018/07/11 – US$ 225.00

State Grid Corp. of China – 2019/07/23 – US$ 500.00

Summary: State Grid Corp. of China – 2017/07/13 – US$ 225.00

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

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

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

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "State Grid Corp. of China" Jul 13, 2017. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/State-Grid-Corp-of-China-1882226>

APA:	S&P Global Ratings’ Credit Research. (). State Grid Corp. of China Jul 13, 2017. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/State-Grid-Corp-of-China-1882226>

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