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April 10, 2019

CCXAP changes GCL Intelligent Energy’s ratings outlook to positive, and affirms the Company’s long-term credit rating at BBg+

Hong Kong, 10 April 2019 -- China Chengxin (Asia Pacific) Credit Ratings (“CCXAP”) has changed the outlook of GCL Intelligent Energy Co., Ltd. (“GCL Intelligent Energy” or the “Company”) to positive from stable. At the same time, CCXAP has affirmed the Company’s long-term credit rating at BBg+.


CCXAP’s public ratings are available at (Rating Results->Corporate Ratings) and may be distributed through media and other means. The methodology used in this rating is Rating Methodology for Electric Utilities Industry dated April 2018, available at (Rating Process -> Rating Methodology).


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