Minmetals Bounteous Finance (BVI) Limited — Moody’s affirms China Minmetals’ Baa1 ratings, outlook stable

Hong Kong, July 30, 2020 — Moody’s Investors Service has affirmed the Baa1 issuer rating of China Minmetals Corporation.

Moody’s has also affirmed the Baa1 senior unsecured rating on the bonds issued by China Minmetals Corporation, and the backed Baa1 senior unsecured rating on the bonds issued by Minmetals Bounteous Finance (BVI) Limited and guaranteed by China Minmetals Corporation.

The outlook on the ratings remains stable.

“The rating affirmation reflects our expectation that the company will maintain a stable credit profile, supported by its (1) diversified revenue and earnings from metals and mining as well as construction and engineering, and