S&P rates China Jinjiang Environment notes BB-

S&P said it assigned its BB long-term corporate credit rating to China Jinjiang Environment Holding Co. Ltd. The outlook is stable.

S&P also assigned a cnBBB- long-term Greater China regional scale rating to the company.

Meanwhile, S&P said it assigned a BB- long-term issue rating and cnBB+ long-term Greater China regional scale rating to the proposed senior unsecured notes that the company will issue.

China Jinjiang Environment is one of the largest waste-to-energy companies in China in terms of total operational capacity.

S&P said the rating on the company reflect the company's sizable near-term capital spending, potential exposure to increasingly stringent environmental standards, and declining quality of new projects in less affluent regions. The company's favorable business model, strong market position, and satisfactory operating record temper these weaknesses.

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