Moody’s gives Baa3 to Goldwind

Moody's Investors Service said it assigned a Baa3 issuer rating to Xinjiang Goldwind Science & Technology Co., Ltd.

The outlook is stable.

"Goldwind's Baa3 rating reflects its leading market position in the manufacture of wind turbine generators and favorable government's policy to grow the capacity of wind power energy in China," Moody's vice president and senior analyst Gerwin Ho said in a news release.

According to the Global Wind Energy Council, Goldwind is the largest manufacturer of wind turbine generators in China with about 25% market share in 2015, as measured by newly installed capacity of around 7,748 MW.

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