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Article: Xinhua Far East Assigns AA+ Issuer Credit Rating to China Yangtze Power Co., Ltd.

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PR Newswire
Article date:
February 27, 2006
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HONG KONG, Feb. 27 /Xinhua-PRNewswire/ -- Xinhua Far East China Ratings today assigned an AA+ issuer credit rating to China Yangtze Power Company Co. Ltd. ("Yangtze Power" or "the Company"; SH A 600900). The company's rating outlook is stable.

The AA+ rating reflects Xinhua Far East's optimistic view on Yangtze Power's strategic position in China's power industry, in light of the favorable support it enjoys from the central government and the competitive edge it holds in respect to the availability and use of clean natural resources. The rating also reflects the Company's sound financial profile, largely a result of its strong earnings ability and its stable ...

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