Moody’s rates Beijing New Building A3

Moody's Investors Service said it assigned a A3 issuer rating to Beijing New Building Materials plc. The outlook is stable.

“BNBM's A3 issuer rating reflects its long operating track record of over 40 years and dominant position as an early entrant in the China gypsum board market with favorable demand dynamics,” Ying Wang, Moody's vice president and senior analyst, said in a news release.

“BNBM's rating also considers its strong profitability, low debt leverage, and prudent financial policy, as evidenced throughout cycles.”

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