China Metallurgical : Fitch Announces Triple-B Ratings for MCC Group and MCC

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On December 22nd, the international credit rating agency Fitch published an announcement declaring that MCC Group and MCC will be awarded Triple-B Ratings and 'stable outlook' statuses at the same time.

In the opinion of Fitch, in recent years, while maintaining its role as a 'domestic first and international first-class' national team of metallurgical construction, MCC successfully realized its transformation to non-metallurgical business fields. Emerging businesses represented by underground pipe galleries, sponge city technology and theme parks have become the new spotlight of the company's business. Fitch highly praised MCC's efforts in recent years to strengthen its cash flow management, strictly control the scale of its interest-bearing debt, reduce its financial leverage ratios and accelerate its financial structure optimization. Fitch approves of MCC's strategic positioning of being the 'national team of metallurgical construction, the main force of infrastructure construction and the pacesetter of emerging industries, insisting on taking the path of high-tech construction in the long term'. Fitch also believes that the recombination of China Minmetals and MCC Group will bring huge cooperation effects in the future.

MCC Group and MCC being awarded Triple-B ratings and 'stable outlook' statuses at the same time is beneficial for the company to reduce its overseas financing costs, strengthen its overseas project acquisition capacity and raise its image in the international capital market.