BJ ENERGY INTL Was Assigned with AAA Long-Term Rating

On March 14, 2023, Beijing Energy International was assigned with a first-time “AAA” long-term issuer credit rating with a stable outlook by China Lianhe Credit Rating Co., Ltd. The rating has helped the company complete the construction of its domestic and foreign credit system, marking yet another milestone after it was assigned by Fitch Ratings with a first-time Long-Term Foreign-Currency IDR of ‘A’ and assigned by Standard & Poor’s Global Ratings a Long-Term Issuer rating of ‘BBB+’ in December, 2022. The achievements also signify that the company’s successful entry into the first-tier national power enterprise with high credit rating, highlighting its high-quality and rapid development, and boosting its capital operation capability to a new level.

The AAA rating fully reflects the high recognition of the comprehensive strength and development prospects of the company by rating agencies and capital markets, which is of great significance for the company to further reduce domestic financing costs and support its sustainable and healthy development. Going forward, the company will continue to strictly fulfill its social responsibilities, actively expand diversified financing channels at home and abroad, continue to intensify financing innovation, raise high-quality funds, continuously release its development potential and leverage its competitive advantage, build a clean energy industry ecosystem featuring green and complementary development and smart integration, and provide life-cycle services to global energy users through value creation.