- Language: English
- 108 Pages
- Published: January 2012
- Region: China
Towngas China Co. Ltd. Aug 08
- Published: August 2008
- Standard & Poors
Strong demand and growth potential for piped natural gas in China Captive market of secured piped-gas projects Strong support from parent Regulatory risk in China Weak standalone financial profile Large investments in low-margin liquefied petroleum gas operations The rating on Towngas China Co. Ltd. (TCCL) reflects strong demand and growth potential for piped natural gas, and the captive market of secured piped-gas projects. It also reflects the strong support that the company derives from being an associate of the Hong Kong and China Co. Ltd. (Towngas, A+/Stable/--). These strengths are partly offset by uncertain regulatory risk in China, the company's still weak standalone financial profile, and its large investments in low-margin liquefied petroleum gas (LPG) operations. TCCL, previously known as...
Companies mentioned in this report are: Towngas China Co. Ltd.,Hong Kong and China Gas Co. Ltd. (The)
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Towngas China Co. Ltd.,Hong Kong and China Gas Co. Ltd. (The)
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