HONG KONG, 5 July 2024 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BBB’ global scale Long-term Issuer Credit Rating to Hubei Sanjiang Industrial Investment Co., Ltd. (“HSII” or “the company”). The Outlook is Stable.
The Issuer Credit Rating reflects a high possibility that the People’s Government of Yidu (“the Yidu government”) would provide strong support to HSII if needed, in light of its indirect majority ownership of HSII, HSII’s strategic importance as an important local investment and development company (“LIDC”) responsible for project construction and industrial operation in Hubei’s Yidu, and the linkage between the Yidu government and HSII, including appointment of the senior management, strategic alignment, supervision of major investment and financing decisions and ongoing operational and financial support. In addition, the Hanjiang government may face significant negative impact on its reputation and financing activities if HSII encounters any operational and financial difficulties.
The Stable Outlook reflects our expectation that HSII’s strategic importance would remain intact while the Hanjiang government will continue to ensure HSII’s stable operation.