Gansu Energy Chemical's rating affirmed amid strategic restructuring
Gansu Energy Chemical Co., Ltd. (SZSE:000552) has had its AAA credit rating affirmed with a stable outlook by CSCI Pengyuan, reflecting its strengthened market position following the acquisition of Yaojie Coal and Electricity Group. This transformative merger has significantly expanded Gansu Energy Chemical’s coal reserves and production capacity, positioning it as the largest coal enterprise in Gansu Province. The positive rating also considers the company's ongoing diversification into power generation, with over 2,000 MW in under-construction electrical capacity and chemical projects, like the soon to be unveiled, clean gasification operations. These projects promise to extend the company’s value chain and potentially buffer it against coal price volatility. These strategic shifts will promote the construction of the coal-electricity-chemical economic system. Also helping matters is the completion of recent asset restructurings. The group now has approximately $1.775 billion in assets with liabilities of only 47.59%.
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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