Huaibei Mining Group's credit rating was upgraded to AAA

According to China Energy News, China Chengxin International Credit Rating Co., Ltd. (hereinafter referred to as China Chengxin) officially announced that the main credit rating of Anhui Huaibei Mining (Group) Co., Ltd. was upgraded from AA+ to AAA, and the rating outlook was stable.

According to China Chengxin, Huaibei Mining Group is rich in coal resources and its profitability has improved significantly in recent years. The completion of the overall listing of the company will help them to improve the company's financing capacity and capital strength. With the continuous advancement of the coal supply-side structural reform, the profitability of Huaibei Mining Group is expected to remain at a good level. The credit rating is upgraded to AAA, which helps the group to expand financing channels and reduce financing costs. And it is of great significance for the transformation and upgrading of the enterprise.