|
|
 |
|
Viewing report
|
|
|
|
Beijing Enterprises Holdings Ltd. May 11
Standard & Poors, May 2011
Abstract
Stable and strong credit profile of gas distribution and transmission business Disciplined financial management and sound financial track record 'Moderately high' likelihood of extraordinary government support from Beijing's municipal government Uncertainty and lack of transparency regarding regulatory environment High-growth water business requires large capital expenditures and leverage may further rise Uncertainty of potential asset injection from municipal government that could change BEH's business and financial profile The corporate credit rating on Beijing Enterprises Holdings Ltd. (BEH) reflects the company's stand-alone credit profile of 'bbb+' and incorporates our expectation for 'moderately high' likelihood that Beijing's municipal government will provide sufficient and timely extraordinary support to BEH in the event of financial distress. Our assessment of government support is based on the...
Companies mentioned in this report are: Beijing Enterprises Holdings Ltd.
Action: Review
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: Full Analysis
|
|
|
|
