CGC Awarded 2018 AAA Credit Rating for International Contractors

On November 19, China International Contractors Association (CHINCA) announced the 2018 credit rating results for Chinese contractors of international projects, and China Geo-Engineering Corporation (CGC) under CECEP was rated AAA, the highest rating possible. Since its first participation in the assessment, CGC has received the top rating for 10 consecutive years.

Credit rating assessment is important to enterprises, and AAA rating not only represents the criteria to which CHINCA can refer when recommending project contractors to related government authorities and financial and securities institutions, but also provides an important indicator for enterprise classification by CHINCA. CGC’s winning of the top rating AAA once again strongly proves the capacity of CECEP’s overseas operations, which will bring more opportunities, preferential policies and facilitation for the group corporation to take part in industry business coordination, participate in project recommendation and seek support from financial institutions.