[ET Net News Agency, 3 July 2020] Moody's Investors Service has affirmed the A1 issuer
rating of CRRC Corporation Limited (01766). The rating outlook remains stable.
CRRC is a Chinese state-owned rolling stock manufacturer and the leading producer of
locomotives, passenger carriages, freight wagons, electric multiple units (EMUs) and rapid
transit vehicles (RTVs) in China.
"The rating affirmation reflects our expectation that CRRC's credit profile will remain
stable over the next 12-18 months, supported by strong and continued demand for CRRC's
product and services given the Chinese government's ongoing railway and urban rail
investment plans," said Chenyi Lu, a Moody's Vice President and Senior Credit Officer.
(KL)
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01766 CRRC
Nominal 
4.450 +0.080 (+1.831%) Research Report
03/07/2020 17:06
Moody's affirms CRRC's (01766) "A1" rating; outlook stable
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