China State Construction Finance (Cayman) III — Moody’s affirms China State Construction International’s Baa2 ratings; outlook stable

Rating Action: Moody’s affirms China State Construction International’s Baa2 ratings; outlook stable

Note: On July 29, 2020, the press release was corrected as follows: the following were added as the eleventh and twelfth paragraphs of the Ratings Rationale section:

As a listed company on the Hong Kong Stock Exchange, CSCI provides good disclosure of its businesses and financial performance. The company is led by an experienced management team in the construction industry with a sound track record of project execution. The company also seeks to control its leverage growth as per the governmentÂ’s oversight and directive to deleverage.

The stable