|
|
 |
|
Viewing report
|
|
|
|
China Automation Group Ltd. And Proposed Bonds Assigned 'BB-' Rating; Outlook Stable Apr 11
Standard & Poors, April 2011
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.
Abstract
HONG KONG (Standard & Poor's) April 6, 2011-Standard & Poor's Ratings Services said today that it had assigned its 'BB-' long-term corporate credit rating to China-based industrial safety and critical control systems provider, China Automation Group Ltd. (CAG). The outlook is stable. At the same time, we assigned our 'BB-' issue rating to the company's proposed senior unsecured notes. The rating on the notes is subject to Standard & Poor's review of the final documentation for the notes issuance. 'The rating on CAG reflects the company's limited revenue base and high customer concentration. The company also has a weaker technology base than leading global peers'. The company's dominant position in its niche petrochemical and railway control systems' market in China...
Companies mentioned in this report are: China Automation Group Ltd.
Action: New Rating
|
|
|
|
