Standard & Poor's: Beijing Construction Engineering Group is granted a "BBB-" long-term issuance rating for its planned issuance of US dollar and renminbi bonds.

On March 9, Standard & Poor's granted a "BBB-" long-term issue rating to the proposed issuance of senior unsecured notes in US dollars and Chinese yuan by BCEG (HongKong) Company Limited. The parent company, Beijing Construction Engineering Group Co., Ltd ("Beijing Construction"), rated BBB-/Stable/--, will provide a guarantee for the notes.