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Beijing Enterprises Holdings And Proposed Notes Assigned 'A-' Rating; Outlook Stable Apr 11
Standard & Poors, April 2011
Abstract
We assigned our 'A-' long-term corporate credit rating to Beijing Enterprises Holdings Ltd. and 'A- issue rating to its proposed senior unsecured notes. The rating incorporates 'moderately high' extraordinary support from the Beijing municipal government in the event of financial distress. The stand-alone credit profile of BEH is 'bbb+', reflecting its satisfactory business risk profile and an intermediate financial risk profile. The outlook is stable, reflecting the stability of the company's gas transmission and distribution business, and its strong liquidity and financial flexibility. HONG KONG (Standard & Poor's) April 28, 2011--Standard & Poor's Ratings Services today assigned its 'A-' long-term corporate credit rating to Beijing Enterprises Holdings Ltd. (BEH). The outlook is stable. At the same time, we assigned our...
Companies mentioned in this report are: Beijing Enterprises Holdings Ltd.
Action: New Rating
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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