Sunoren Solar credit rating maintained at AA- with stable outlook
Zhejiang Sunoren Solar Technology (SSE:603105) has had its AA- credit rating affirmed by CSCI Pengyuan, with a stable outlook. The rating reflects the company's established position in the distributed solar power sector and favorable locations for its solar plants. Although favorable government policy support continues, competition for quality rooftop resources and potential price fluctuations pose challenges. Sunoren's 2024 saw growth in installed capacity and electricity generation. However, the firm's convertible bond project faces delays, and the report notes an increase in accounts receivable. As of March 2025, the company's total assets stood at CNY 4.474 billion. CSCI Pengyuan indicates that future credit rating adjustments will be monitored and reported.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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