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| HSI1 | 24,669.94 | -292.01 | 192.90B |
| HSCEI1 | 8,351.73 | -84.90 | 53.61B |
| Back Zoom + Zoom - Block Traded | |
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Fitch Upgrades China Huaneng, HUANENG POWER to 'A', Outlook Stable
2026-06-05 14:42:01 Fitch Ratings upgraded the Long-Term Foreign-Currency Issuer Default Ratings of China Huadian Corporation Ltd. (China Huaneng) and its 46.23%-owned flagship subsidiary HUANENG POWER (00902.HK) from 'A-' to 'A', with a Stable outlook. Fitch also upgraded the senior unsecured ratings of the two issuers and the senior unsecured US dollar notes issued by China Huaneng Group (Hong Kong) Treasury Management Holding Limited and guaranteed by China Huaneng from 'A-' to 'A'. Fitch believed that the four major central state-owned power generation enterprises directly supervised by the State-owned Assets Supervision and Administration Commission of the State Council are, overall, critical to China's increasingly complex power system and market structure. Against a backdrop of heightened geopolitical uncertainty and rising energy security risks, these enterprises play a key role in meeting growing electricity demand, primarily through expanding renewable energy installed capacity. ~ AASTOCKS Financial News Website: www.aastocks.com | |