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Fitch Upgraded Credit Rating on CSCI

2016-02-02
(2 February 2016) China State Construction International Holdings Limited (“CSCI” or “The Group”, Stock Code: 03311) is delighted to be informed that Fitch upgraded Long-Term Issuer Default Rating and senior unsecured rating on CSCI from “BBB” to “BBB+”, outlook stable.


According to Fitch, the upgrade was due to: 1) CSCI has strategic importance to China State Construction Engineering Corporation Limited (“the parent company”); 2) CSCI has close operational linkages with the parent company; 3) CSCI maintained stable growth in new contract awarded and revenue despite the weak market condition.


The upgrade took effect on 31 January 2016.


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