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Standard & Poor's Award Shougang Fund a High Rating Yet Again

Release Time:2019-09-17 09:46:48

Recently, Standard & Poor's Financial Services, an internationally renowned financial rating agency, awarded Shougang Fund Company a long-term rating of BBB+, and a short-term rating of A-2. This comes after the company was awarded its first BBB+ rating last year. The rating outlook of the company is stable. Shougang Fund Company has received a high rating again and is in the leading position in the same type of enterprise rating in China.

Standard & Poor's believes that Shougang Fund Company has undertaken the national strategy of coordinated development between Beijing, Tianjin and Hebei, playing a key role in the process of the transformation of the Shougang Group and Beijing from old industry to new industry.

It is understood that in August 2017, another well-known, international rating agency, Fitch Ratings, awarded Shougang Fund Company with "A-" long-term issuer default rating and "F1" short-term issuer default rating, with a stable outlook. On January 31, 2018, the credit rating of Shougang Fund Company was rated as "AAA" by CCXI and Golden Credit Rating, two well-known rating agencies in China, and the rating outlook was stable. This was the highest credit rating they gave to domestic institutions.


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