China Resources(Holdings)Co.,Ltd.

Moody's: CHINA RES GAS' Resilient Interim Results Back Baa1 Ratings; Positive Outlook

Time:2017-08-31Source:AAStocks Financial News

Moody's Investors Service says that CHINA RES GAS 's (CR Gas) results for 1H17 support its Baa1 issuer and senior unsecured ratings and positive ratings outlook. Ralph Ng, a Moody's Analyst, said CR Gas continues to demonstrate strong growth in its gas sales volumes, mainly supported by the organic growth in its existing projects during 1H17. Moody's expected the company's robust operating and financial profile to continue, which supports its Baa1 ratings and positive outlook. (AAStocks Financial News) 2017/08/21