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Moody’s, Standard & Poor and Fitch Continue Their Credit Rating of SHK A-/A-/A with Stable Outlook

Date:2018-08-13 Source:Sinochem Group

Moody’s, Standard & Poor’s and Fitch’s credit rating companies recently completed the 2017 annual re-evaluation on Sinochem Hong Kong (Group) Company Limited (SHK). All of the three international rating companies agreed that SHK’s position as a core subsidiary of Sinochem Group maintained the original credit rating unchanged, i.e. A-/A-/A respectively and the outlook was stable.

The rating agencies stated in their report that as the only overseas investment and financing platform of Sinochem Group, SHK plays a key role in the overall strategic development of Sinochem Group and would continue to serve as an important platform for Sinochem Group’s overseas investment and business development.