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April 20, 2021

CCXAP assigns Metallurgical Corporation of China Limited’s US dollar-denominated senior perpetual securities final Ag+ rating

Hong Kong, 20 April 2021 -- China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned Metallurgical Corporation of China Limited’s (“MCC” or the “Company”) (Ag+/Stable) USD500 million 2.95% senior perpetual securities a final Ag+ rating.

 

CCXAP’s final rating on the perpetual securities follows MCC's completion of the issuance, of which the final terms and conditions are consistent with expectations. The final rating is in line with the expected rating assigned on 12 April 2021.

 

Click HERE to download the press release.

 

CCXAP’s public ratings are available at www.ccxap.com (Rating Results) and may be distributed through media and other means. Methodology used in this rating is the Rating Methodology for Engineering and Construction Companies dated December 2016, available at www.ccxap.com (Rating Methodologies).