Recently, Joint Credit Assessment Co., Ltd. issued a credit rating announcement, assessing the long-term credit rating of the main body of the group as AA+, with a stable rating outlook. This is the fifth state-owned enterprise in the West Coast New Area of Qingdao, which has won this rating. It marks a new breakthrough in deepening the reform of state-owned enterprises in the new area and promoting the state-owned enterprises in the region to the capital market.
Subject credit rating is the credit rating of enterprises or economic entities, mainly divided into three grades and nine grades, AAA level is the highest, followed by AA + level. Acquiring AA+main credit rating is the capital market's full affirmation of the comprehensive strength of the group, and also the general optimism of the economic development prospects of the new area. It helps the group to further enhance its investment and financing ability, development and construction ability and state-owned assets management ability, speed up market-oriented operation, better help the new area to undertake national strategies and promote collaborative innovation.
Joint Credit Assessment Co., Ltd. (hereinafter referred to as "Joint Credit") is one of the most professional and large-scale credit rating agencies in China. It is a credit rating agency approved by the People's Bank of China, the National Development and Reform Commission and the China Insurance Regulatory Commission. It is also the governing body of the China Association of Interbank Market Traders. Its rating methods and technology are in the same position. At the forefront of the industry, it ranks first in the evaluation activities of rating agencies by interbank market participants.
