Infore Group’s corporate credit rating was raised from AA to AA+

Released time:2018-03-01Pageviews:28647

Recently, the newest credit rating of Infore Group was raised from AA to AA+, notified by Golden Credit Rating International Co.,Ltd and CCXI. Since the company was raised from AA- to AA in 2016, Infore Group has obtained the enterprise credit rating for two consecutive years, becoming the third company in Shunde, fifth company in Foshan and seven-fourth company that has obtained AA+ credit rating ( including financing institution).

Corporate credit rating is the judgment and evaluation of the ability and willingness of the enterprise to assume the general unsecured debt and fulfill the obligations of economic contract, which is an objective evaluation of comprehensive financial strength that contains a prediction of the comprehensive financial strength of the future. The company with AA+ credit rating indicates that it has a good operating condition, high profitability, broad prospects for development and small impact of uncertainty on its revenue and development.

In 2013, Infore Group started the credit rating work for the first time and obtained AA- at that year. After three years of accumulation, the group was successfully promoted to AA in 2016. In 2017, after the merger and acquisition of domestic environmental protection machinery manufacturing leading enterprises, the group's operating strength has been greatly improved. The rating agencies also promptly raised the rating to AA+ from AA.

AA+ is an objective evaluation of Infore Group's comprehensive financial strength, which indicates that Infore group has jumped to a new level in terms of market competitiveness, management quality and anti-risk ability and will help the development of the group on optimizing the financial structure and reducing the financing cost!