中交一公局集团有限公司2025年面向专业机构投资者公开发行可续期公司债券(第二期)(品种一)获“AAA”评级

Group 1 - The company, China Communications First Highway Engineering Group Co., Ltd. (referred to as "the company"), received a "AAA" rating for its public issuance of perpetual corporate bonds aimed at professional institutional investors in 2025 [1] - The company has a strong market position in the construction sector, particularly in highway and tunnel engineering, with steadily increasing new contract amounts and a diversified project portfolio of high quality [1] - The company benefits from smooth financing channels and relatively sufficient backup liquidity, providing strong support for its overall credit strength [1] Group 2 - The company was originally established as the First Highway Division of the People's Liberation Army and underwent several restructurings, becoming a wholly-owned subsidiary of China Communications Construction Company in 2006 [2] - The company primarily focuses on infrastructure engineering construction, with a business system centered on highway engineering, supplemented by railway and municipal projects, achieving a total operating revenue of 131.292 billion yuan in 2024 [2] - The company is currently undergoing a merger with China Communications Tunnel Engineering Group Co., Ltd., which was approved in September 2018 [2]