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Credit Ratings

China Railway Group Limited’s creditworthiness has been assessed by China LianHe Credit Rating Co., Ltd. and Beijing Yinjian Credit Information Service. The Group strives to maintain a stable financial position so as to provide the investors with a stable stream of return on investment.

China Railway Group Limited is currently rated as follows:

Rating agency Credit Rating Last Update
China LianHe Credit Rating Co., Ltd. AAA 2011-4-28
Beijing Yinjian Credit Information Service AAA 2011-7-15

The bonds issued by China Railway Group are currently rated as follows:

Bonds Bond Scale Rating agency Credit Rating Last Update
10 China Railway G1

(10中铁G1)

RMB 1 bln China LianHe Credit Rating Co., Ltd. AAA 2011-4-28
10 China Railway G2

(10中铁G2)

RMB 5 bln China LianHe Credit Rating Co., Ltd. AAA 2011-4-28
10 China Railway G3

(10中铁G3)

RMB 2.5 bln China LianHe Credit Rating Co., Ltd. AAA 2011-4-28
10 China Railway G4

(10中铁G4)

RMB 3.5 bln China LianHe Credit Rating Co., Ltd. AAA 2011-4-28

Rating agencies assess the creditworthiness of issuers and assign them with a credit rating. The rating agencies communicate regularly with the companies they rate to obtain information on their strategy and business planning. This information, together with the agencies’ own quantitative analyses, forms the basis for their credit ratings. The ratings help lenders assess the risk inherent in financial instruments.

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