Good news! Jiangxi Construction Engineering Group won the main credit rating of AA, a domestic authoritative rating agency.


On June 24, the long-term main credit rating of Jiangxi Construction Engineering Group Co., Ltd. (hereinafter referred to as "Group Company") was upgraded from AA to AA by Dagong International Credit Evaluation Co., Ltd., a domestic authoritative credit rating agency, with a rating outlook of "stable". Since then, the group company has ranked first in the credit rating of local construction enterprises in Jiangxi Province, catching up with or even surpassing some listed construction enterprises in the credit rating, the company has made a historic breakthrough!
Since the beginning of this year, under the deployment of the leaders of the group company, the company has taken the opportunity of the rapid decline in the asset-liability ratio after the full implementation of the market-oriented debt-to-equity swap, and actively docked with the rating agencies to fully demonstrate the overall strength and development potential of the group company. Highly recognized by rating agencies. The promotion of credit rating has greatly improved the corporate image, enhanced the credibility and influence of the group company, and provided strong support for the group company to improve its industry competitiveness and expand its market share. At the same time, AA level has become a key "pass" for group companies to effectively open financing channels in the direct financing market and issue various bond products, providing support for optimizing the financing structure of group companies and expanding credit lines, thus providing a more "hard core" financial guarantee for group companies to achieve high-quality leapfrog development.
Some people may ask, what is the "main credit rating"? What is "AA"? The following author to give you universal popularization:
Credit rating is the credit (credit) evaluation institution according to the enterprise credit evaluation results of the enterprise credit rating classification, it reflects the level of enterprise credit, but also an important index system to measure the financial ability of enterprises.
The credit evaluation and grading of Chinese enterprises began in the 1980 s. Different credit ratings have a significant impact on enterprises' financing and obtaining bank loans in the market, and their difficulty and conditions will vary greatly.
Chinese enterprises adopt the internationally accepted "four-class and ten-grade system" rating grades. The specific grades are: AAA,AA,A,BBB,BB,B,CCC,CC,C,D. Each level can be fine-tuned with a ",-" symbol to indicate the upper or lower limit belonging to this level.
 
 
 
 
 
(Ye Wang Chunzi
  

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