Wujin Stainless 2025 bond rating maintained at AA stable

Jiangsu Wujin Stainless Steel Pipe Group (SSE:603878) announced that its AA credit rating and stable outlook have been affirmed by China Securities Pengyuan Credit Rating Co., Ltd. for its 2025 bonds. This rating, disclosed on June 26, 2025, reflects the company's standing as a key domestic supplier of industrial stainless steel pipes, supported by diverse industry applications and solid client relationships. The bonds, officially issued on July 10, 2023, are referred to as "Wujin Transfer Bonds." While the rating agency acknowledges growing overseas sales and low leverage, it also notes reduced demand from the petrochemical sector impacting revenues, and significant inventory levels, impacting the company's operational management. However, China Securities Pengyuan also points out that the company may benefit from stable demand of power station boiler pipes, increase in the international and nuclear power markets. The announcement was made July 1, 2025.