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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

(10ÍòÏó³ÇÌåÓýG1)

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

(10ÍòÏó³ÇÌåÓýG2)

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

(10ÍòÏó³ÇÌåÓýG3)

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

(10ÍòÏó³ÇÌåÓýG4)

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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