On September 25th, 2017, the international credit rating agency Moody’s raised the MCC Group and MCC’s international credit rating from Baa2 to Baa1, which is another credit improvement after the same agency raised the Group’s level in April 2017. Two improvements within half a year present the international credit rating agency’s high recognition and confidence regarding MCC.
Moody’s believes that MCC’s leadership has a clear strategic positioning for the enterprise. MCC has obtained obvious results by focusing on the main business, maintained its leading position as the national team of metallurgical construction and made remarkable achievements in non-metallurgical construction and emerging industries. MCC has strong execution and improved management development. In recent years, under the guidance of the leadership, all MCC employees have made unremitting endeavors. The newly signed contract amount has surged to new highs again and again, and the profit level continues to improve. MCC’s finance capital structure has been continuously optimized. Through accumulated management and capital operation, MCC continues to reduce its asset-liability ratio, improve its net asset volume, reduce its total liability in a rational way and maintain a large and positive net cash flow for management activities for 5 consecutive years. Moody’s believes that MCC will maintain its ‘stable income increase, profit improvement and debt level reduction’ in the future.
These two improvements in its international credit rating within half a year will help MCC to explore the international market, improve its capital market image and further reduce its financing costs.