GDFC Was Awarded AA Credit Grade of Chinese International Project Contracting Enterprise
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2015-01-14
The Fifth Plenary Meeting of the Sixth Council of China International Contractors Association (CHINCA) was held in Changsha, Hunan Provicne on December 11, 2014 and the results of 2014 Chinese international project contracting enterprise credit evaluation were released at the meeting. Guangdong Foreign Construction Co., Ltd. (GDFC) was awarded AA credit grade of Chinese international project contracting enterprise.
In recent years, GDFC takes the initiative in expanding the market overseas, implements the “go global” strategy and cooperates widely with overseas customers. The awarding of AA credit grade will help GDFC to further expand the overseas market share and raise the name recognition overseas.
It is understood that the credit grades of this credit rating are divided into A, B and C 3 grades and 9 classes, in which AAA credit grade is the highest. The credit rating is conducted according to the comprehensive quality, competitiveness, financial position, credit records, project performance and other indexes of an enterprise. The result of credit rating is valid for 3 years. The credit enterprise will be recommended to domestic and foreign governments, financial institutions and other institutions by CHINCA and will be given priority to chance of obtaining projects and the support of national preferential policies. It also helps the enterprise to progress in credit management and risk resistance capacity in international project contracting and labor services.