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State Grid Corp. of China's U.S. Dollar Guaranteed Senior Notes Assigned 'AA-' And 'cnAAA' Ratings

Published Apr 16, 2014

1054 words — Published Apr 16, 2014

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Abstract:

HONG KONG (Standard&Poor's) April 16, 2014--Standard&Poor's Ratings Services today assigned its 'AA-' long-term issue rating and 'cnAAA' long-term Greater China regional scale rating to a proposed issue of U.S.-dollar-denominated senior unsecured notes that State Grid Corp. of China (SGCC: AA-/Stable/--; cnAAA/--) will unconditionally and irrevocably guarantee. State Grid Overseas Investment (2014) Ltd., a newly established special purpose entity, will issue the notes. The ratings on the notes are subject to our review of the final issuance documentation. We expect SGCC to use the issuance proceeds for its overseas businesses. The rating on SGCC reflects the company's 'a+' stand-alone credit profile and our opinion that there is an "extremely high" likelihood that the government of China will

Brief Excerpt:

RESEARCH State Grid Corp. of China's U.S. Dollar Guaranteed Senior Notes Assigned '##-' And 'cnAAA' Ratings Publication date: 16-Apr-2014 Primary Credit Analyst: Gloria Lu, CFA, FRM, Hong Kong (852) 2533-3596; gloria.lu@standardandpoors.com...

Report Type:

Ratings Action

Issuer

State Grid Corp. of China

Sector

Global Issuers

Country

China

Region

Emerging Markets

Format:

HTML

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

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

State Grid Corp. of China – 2015/07/24 – US$ 500.00

Research Update: State Grid Corp. of China 'AA-' Rating Affirmed On Continuing Strong Business Performance And Cash Flows; Outlook Stable – 2014/04/03 – US$ 225.00

State Grid Corp. of China – 2013/05/16 – US$ 500.00

Summary: State Grid Corp. of China – 2013/05/16 – US$ 225.00

Research Update: S&PCORRECT: State Grid Corp. of China And Its Proposed Guaranteed Notes Rated 'AA-' And 'cnAAA'; Outlook Stable – 2013/05/08 – US$ 225.00

S&PCORRECT: State Grid Corp. of China And Its Proposed Guaranteed Notes Rated 'AA-' And 'cnAAA'; Outlook Stable – 2013/05/08 – US$ 150.00

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MLA:	S&P Global Ratings’ Credit Research. "State Grid Corp. of China's U.S. Dollar Guaranteed Senior Notes Assigned 'AA-' And 'cnAAA' Ratings" Apr 16, 2014. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/State-Grid-Corp-of-China-s-U-S-Dollar-Guaranteed-Senior-Notes-Assigned-AA-And-cnAAA-Ratings-1297126>

APA:	S&P Global Ratings’ Credit Research. (). State Grid Corp. of China's U.S. Dollar Guaranteed Senior Notes Assigned 'AA-' And 'cnAAA' Ratings Apr 16, 2014. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/State-Grid-Corp-of-China-s-U-S-Dollar-Guaranteed-Senior-Notes-Assigned-AA-And-cnAAA-Ratings-1297126>

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