Moodys Upgraded Long-term Corporate Credit Rating on CSCI

2014.01.30


(30 January 2014) China State Construction International Holdings Limited (“CSCI” or “The Group”, Stock Code: 03311) is delighted to be informed that Moody's upgraded long-term corporate credit rating on CSCI from “Baa3” to “Baa2”, outlook stable.

According to Moody's, such credit rating upgrade reflected the strong support from CSCI's parent company, China Overseas Holdings Limited. China Overseas Holdings Limited has a strong credit profile and has always been supportive to CSCI. Also, CSCI's credit capability is supported by its good operating track record, high business visibility and solid financial management. The operating risks of BT and BOT business are effectively mitigated by its careful monitoring of accounts receivables, strong liquidity position and prudent financial management.

The upgrade took effect on 29 January 2014.