trending Market Intelligence /marketintelligence/en/news-insights/trending/JxFk_wSQ04C7aFSdDEbmWw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Fitch publishes Zhongguancun Development's first-time A rating

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Fitch publishes Zhongguancun Development's first-time A rating

Fitch Ratings published Zhongguancun Development Group Co. Ltd.'s first-time A long-term foreign- and local-currency issuer default ratings.

The outlook is stable.

The ratings reflect Zhongguancun's strong status, ownership and control as it is a state-owned limited liability company. It is majority-owned by Zhongguancun Science Park Administrative Committee on behalf of the municipality of Beijing.

Fitch expects the company to continue to receive strong support from the local government, noting that Zhongguancun received 11 billion yuan in capital injections and 792 million yuan in subsidies from 2014 to 2018.

Furthermore, the rating agency considered the group's role in Zhongguancun Science Park's infrastructure investment and daily operations.

Fitch also rated the company's standalone credit profile at "b".

As of Jan. 7, US$1 was equivalent to 6.94 yuan.