S&P Global Ratings, an internationally recognized credit rating agency, recently released a rating announcement upgrading the long-term issuer credit rating of CHN Energy Longyuan Power from A- to A, and that of its wholly owned subsidiary, Hero Asia Investment Limited, from BBB+ to A-. Both ratings carry a stable outlook. The upgrades demonstrate the international capital market's high recognition of Longyuan Power's overall strength, financial stability and internationalization, marking a new level in the company's global financing competitiveness and brand influence.
As a core new energy listed platform under CHN Energy, Longyuan Power has consistently pursued high-quality development, leveraging its leading industry scale, outstanding operational efficiency and sound financial management to consolidate its position as a global leader in new energy power generation. The rating upgrades represent S&P Global's strong recognition of the company's leading position in the industry, sustained profitability, stable cash flows and long-term resilience, while also demonstrating international investors strong confidence in the development prospects of China's new energy industry.
As Longyuan Power's wholly owned offshore investment and financing platform, Hero Asia Investment is responsible for offshore fund operations, international project development and cross-border capital operations. Its rating upgrade to A- will effectively reduce offshore financing costs and broaden diversified financing channels, providing strong capital support for the company to accelerate its expansion into global new energy markets and advance its internationalization strategy.
Longyuan Power will take this rating upgrade as an opportunity to further deepen the integration of industry and finance, fully leverage the financing advantages of international capital markets, focus on green and low-carbon transformation, and accelerate its development into a world-class international leader in new energy. Through high-quality development, the company will demonstrate the role of central state-owned enterprises as a pillar of the national economy and contribute Longyuan Power's strength to building China into a leading energy power.
