Anrong Rating Successfully Awarded the Contract to Provide Credit Rating Services for CITIC Construction
On August 10th, Anrong Credit Rating Co., Ltd. (referred to as "Anrong Rating") received formal written notification from CITIC Construction Limited ("CITIC Construction") confirming its selection as the "successful bidder" for the procurement project after comprehensive evaluation and recommendation by the company's review panel. This marks another significant milestone for Anrong Rating as a credit rating service provider to major central state-owned enterprises (SOEs), following previous engagements with Sinopec Group, China Huaneng Group, and China Life Insurance Group.
As a wholly-owned subsidiary of CITIC Group, CITIC Construction has consistently ranked among the top global engineering contractors in the ENR 250 for consecutive years, establishing itself as a comprehensive service provider capable of delivering large-scale international projects. The tender process for this rating service project adhered to stringent evaluation protocols, conducted in two phases, which are prequalification review and procurement evaluation. The assessment covered multiple dimensions including: technical capabilities, financial standing, market reputation, proposed methodology, pricing structure, service quality and contract fulfillment capacity.
In recent years, Anrong has achieved significant advancements in:
• Development of proprietary rating methodologies and models
• Enhanced database infrastructure
• Cutting-edge theoretical research
• Strategic talent acquisition
• Optimized client service systems
The company has also expanded its global footprint through:
• Obtaining Type 10 License from Hong Kong SFC
• Membership in the International Capital Market Association (ICMA)
• Appointment to the Macao Sci-Tech Innovation Bond Certification Committee
In the future, Anrong Rating will continue to uphold the principles of “Independence, Objectivity, Fairness, Consistency and Prudence”, while continuously elevating its rating technologies and service standards to deliver professional credit rating solutions for domestic and international clients.