The Pakistan Credit Rating Agency Limited
18-Jul-25
Analyst
Anam Waqas Ghayour
anam.waqas@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
- Methodology | Independent Power Producer Rating | Jul-24
- Methodology | Correlation Between Long-term & Short-term Rating Scales | Apr-25
- Methodology | Rating Modifiers | Apr-25
Related Research
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PACRA Withdraws the Entity Ratings of Huaneng Shandong Ruyi (Pakistan) Energy (Pvt.) Limited
| Rating Type | Entity | |
|
Current (18-Jul-25 ) |
Previous (19-Jul-24 ) |
|
| Action | Withdraw | Maintain |
| Long Term | - | AA+ |
| Short Term | - | A1+ |
| Outlook | Stable | |
| Rating Watch | - | - |
Following the management’s decision to discontinue the entity ratings of Huaneng Shandong Ruyi (Pakistan) Energy (Pvt.) Limited, PACRA has withdrawn the entity ratings with immediate effect.
.
About
the Entity
Huaneng Shandong Ruyi (Pakistan) Energy (Private) Limited was incorporated in Pakistan on 28th May 2014. It is a wholly owned subsidiary of Huaneng Shandong Ruyi (Hong Kong) Energy Limited, a company incorporated in Hong Kong. The ultimate parent of the Company is China Huaneng Group Company Limited which is mainly engaged in the investment, development, construction, operations and management of power plants globally. The Board of Directors comprises of five members representing the sponsoring group having sufficient experience. The management team is led by Mr. Li Xin, appointed as CEO. He is accompanied by a team of qualified and experienced individuals.