S&P Affirms Lowers Zhejiang Expressway's Stand-Alone Credit Profile

MT Newswires Live07-16

S&P Global Ratings revised down Zhejiang Expressway's (HKG:0576) stand-alone credit profile to bbb from bbb+ on July 15.

Concurrently, the rating agency affirmed the company's A long-term issuer credit rating, citing strong parental support from Zhejiang Communications Investment.

The outlook remains stable, reflecting expectations of sustained core status and government backing amidst substantial capital expenditure for toll road expansions and growing securities business risks.

Despite a downgrade of the stand-alone credit profile, S&P expects continued support for the company from the Zhejiang provincial government in case of financial distress.

Price (HKD): $5.13, Change: $-0.01, Percent Change: -0.19%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2451635935?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-16 11:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2451635935","market":"us","top_or_hot":-1,"title":"S&P Affirms Lowers Zhejiang Expressway's Stand-Alone Credit Profile","media":"MT Newswires Live","content":"<html><body><p> S&amp;P Global Ratings revised down Zhejiang Expressway's (HKG:0576) stand-alone credit profile to bbb from bbb+ on July 15.</p><p>Concurrently, the rating agency affirmed the company's A long-term issuer credit rating, citing strong parental support from Zhejiang Communications Investment.</p><p>The outlook remains stable, reflecting expectations of sustained core status and government backing amidst substantial capital expenditure for toll road expansions and growing securities business risks.</p><p>Despite a downgrade of the stand-alone credit profile, S&amp;P expects continued support for the company from the Zhejiang provincial government in case of financial distress.</p><p>Price (HKD): $5.13, Change: $-0.01, Percent Change: -0.19%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P Affirms Lowers Zhejiang Expressway's Stand-Alone Credit Profile</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P Affirms Lowers Zhejiang Expressway's Stand-Alone Credit Profile\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-16 11:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>S&P Global Ratings revised down Zhejiang Expressway's (HKG:0576) stand-alone credit profile to bbb from bbb+ on July 15.Concurrently, the rating agency affirmed the company's A long-term issuer credit...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1185","symbol_name":"公路与铁路","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2451635935","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2451635935","pubTimestamp":1721101150,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"S&P Global Ratings revised down Zhejiang Expressway's  stand-alone credit profile to bbb from bbb+ on July 15.Concurrently, the rating agency affirmed the company's A long-term issuer credit rating, citing strong parental support from Zhejiang Communications Investment.The outlook remains stable, reflecting expectations of sustained core status and government backing amidst substantial capital expenditure for toll road expansions and growing securities business risks.Despite a downgrade of the stand-alone credit profile, S&P expects continued support for the company from the Zhejiang provincial government in case of financial distress.Price : $5.13, Change: $-0.01, Percent Change: -0.19%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1185":"公路与铁路","BK4585":"ETF&股票定投概念","00576":"浙江沪杭甬","BK4526":"热门中概股","BK4588":"碎股","BK4023":"应用软件","BK1567":"公路及铁路股","HKD":"尚乘数科"},"translate_title":"标准普尔确认下调浙江高速公路的独立信用状况","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HKD":1,"00576":0.9},"content_text":"S&P Global Ratings revised down Zhejiang Expressway's (HKG:0576) stand-alone credit profile to bbb from bbb+ on July 15.Concurrently, the rating agency affirmed the company's A long-term issuer credit rating, citing strong parental support from Zhejiang Communications Investment.The outlook remains stable, reflecting expectations of sustained core status and government backing amidst substantial capital expenditure for toll road expansions and growing securities business risks.Despite a downgrade of the stand-alone credit profile, S&P expects continued support for the company from the Zhejiang provincial government in case of financial distress.Price (HKD): $5.13, Change: $-0.01, Percent Change: -0.19%","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2451635935"}