PENGYUAN INTERNATIONAL

HONG KONG, 6 December 2018. Pengyuan International (“PENGYUAN”) has today published its Green Evaluation Criteria for public consultation. The criteria report sets out our guidelines for green evaluations, which provide a relative ranking of debt instruments based on our forward-looking opinion on their ability to deliver environmental benefits via their financing or refinancing of specific assets. The debt instruments we may evaluate under these criteria include, without limitation, bonds, loans, and other fixed-income financing vehicles whose proceeds are earmarked, either wholly or partially, for environmentally beneficial assets.

 

Our green evaluation framework is structured with reference to the Green Bond Principles (GBP), which are a set of voluntary process guidelines for green bond issuance. The GBP have four core components: use of proceeds, process for project evaluation and selection, management of proceeds, and reporting. These components are the foundation of our scoring system, which consists of factors and sub-factors intended to discern a debt instrument’s potential contribution to a low-carbon and climate-resilient society.


香港,2018年12月6日。鹏元国际(“鹏元”)于今日发布了绿色评估标准,并向公众征求意见。该标准报告列出了鹏元的绿色评估指引,基于我们对债务工具通过特定资产融资或再融资实现环境效益能力的前瞻性意见,提供债务工具的相对排名。可按照这些标准评估的债务工具包括但不限于债券、贷款和其他固定收益融资工具,其收益全部或部分专门用于环境效益资产。

 

我们参照绿色债券发行的自愿性流程指引——《绿色债券原则》(《原则》)构建了绿色评估框架。《原则》包括四大核心要素:募集资金用途、项目评估与遴选流程、募集资金管理和报告。这四大要素构成我们评分系统的基础,包括旨在识别债务工具给低碳和气候适应型社会带来潜在贡献的要素和子要素。

 

We would appreciate comments on these criteria from investors and other market participants. The request-for-comment version of the criteria and analyst contact details are available via the following link:

 

衷心感谢投资者及其他市场参与者就本标准提出意见。可点击以下链接获取标准的征求意见版及分析师的联系方式:


Request for Comment: Green Evaluation Criteria:

https://www.pyrating.com/Methodology/Index/10002.html


ANALYST CONTACTS联系我们MEDIA CONTACT媒体联系OTHER ENQUIRIES其他查询

Stanley Tsai, CFA

stanely.tsai@pyrating.com

+852 3615 8340


media@pyrating.comcontact@pyrating.com

Cyrus Chan

cyrus.chan@pyrating.com

+852 3615 8319




Chief Analytics Officer

Tony Tang

tony.tang@pyrating.com

+852 3615 8278




DISCLAIMER

 

Pengyuan Credit Rating (Hong Kong) Company Ltd (“Pengyuan International”, “Pengyuan”, “the Company”, “we”, “us”, “our”) publishes credit ratings and reports based on the established methodologies and in compliance with the rating process. For more information on policies, procedures, and methodologies, please refer to the Company’s website www.pyrating.com. The Company reserves the right to amend, change, remove, publish any information on its website without prior notice and at its sole discretion.

All credit ratings and reports are subject to disclaimers and certain limitations. CREDIT RATINGS ARE NOT FINANCIAL OR INVESTMENT ADVICE AND MUST NOT BE CONSIDERED AS A RECOMMENDATION TO BUY, SELL OR HOLD ANY SECURITIES AND DO NOT ADDRESS/REFLECT MARKET VALUE OF ANY SECURITIES. USERS OF CREDIT RATINGS ARE EXPECTED TO BE TRAINED FOR INDEPENDENT ASSESSMENT OF INVESTMENT AND BUSINESS DECISIONS.

CREDIT RATINGS ADDRESS ONLY CREDIT RISK. THE COMPANY DEFINES THE CREDIT RISK AS THE RISK THAT THE RATED ENTITY MAY NOT MEET ITS CONTRACTUAL AND/OR FINANCIAL OBLIGATIONS AS THEY BECOME DUE. CREDIT RATINGS MUST NOT BE CONSIDERED AS FACTS OF A SPECIFIC DEFAULT PROBABILITY OR AS A PREDICTIVE MEASURE OF A DEFAULT PROBABILITY. Credit ratings constitute the Company’s forward-looking opinion of the credit rating committee and include predictions about future events which by definition cannot be validated as facts.

For the purpose of rating process the Company obtains sufficient quality factual information from sources believed by the Company to be reliable and accurate. The Company does not perform an audit and undertakes no duty of due diligence or third-party verification of any information it uses during the rating process. The issuer and its advisors are ultimately responsible for the accuracy of the information provided for the rating process.

Users of the Company’s credit ratings should refer to the rating symbols and definitions published on the Company’s website. Credit ratings with the same rating symbol may not fully reflect all small differences in the degrees of risk, because credit ratings are relative measures of the credit risk.

NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS OR COMPLETENESS OF ANY INFORMATION GIVEN OR MADE BY THE COMPANY IN ANY FORM OR MANNER. In no event shall the Company, its directors, shareholders, employees, representatives be liable to any party for any damages, expenses, fees, or losses in connection with any use of the information published by the Company.

The Company reserves the right to take any rating action for any reasons the Company deems sufficient at any time and in its sole discretion. The publication and maintenance of credit ratings are subject to availability of sufficient information.

The Company may receive compensation for its credit ratings, normally from issuers, underwriters or obligors. The information about the Company’s fee schedule can be provided upon the request.

The Company reserves the right to disseminate its credit ratings and reports through its website, the Company’s social media pages and authorised third parties. No content published by the Company may be modified, reproduced, transferred, distributed or reverse engineered in any form by any means without the prior written consent of the Company.

The Company’s credit ratings and reports are not indented for distribution to, or use by, any person in a jurisdiction where such usage would infringe the law. If in doubt, please consult the relevant regulatory body or professional advisor to ensure compliance with applicable laws and regulations.

Copyright @ 2018 by Pengyuan Credit Rating (Hong Kong) Company Ltd. All rights reserved.


免责声明

 

鹏元资信评估(香港)有限公司(“鹏元国际”、“鹏元”、“本公司”、“我们”、“ 我们的”)以既定的方法和符合评级流程的方式发布信用评级和报告。有关政策、流程和方法的更多信息,请参阅本公司网站www.pyrating.com.本公司保留在不事先通知的情况下,自行决定修改、更改、删除以及在其网站上发布任何信息的权利。

 

所有信用评级和报告都适用于免责声明和特定限制。信用评级不是财务或投资建议,也不能被认为是购买、出售或持有任何证券的建议,并且不能反映任何证券的市场价值。我们认为信用评级的使用方应为受过专业培训的,有能力独立评估投资和商业决策。

 

信用评级只针对信用风险。公司将信用风险定义为评级实体可能无法履行其到期的合同和/或财务责任的风险。信用评级不得视为特定违约的可能性或违约可能性的预测指标。信用评级构成鹏元国际评审委员会的前瞻性意见,包括对未来事件的预测。这些预测在定义上不能作为事实来验证。

 

为了满足评级流程目的,本公司会从我们认为可靠且准确的来源获得足够有质量的事实性信息。我们不会进行审计,也不会对评级过程中使用的任何信息进行尽职调查或第三方校验。发行人及其顾问需对其为评级过程所提供的信息准确性负最终责任。

 

本公司信用评级的使用方应参考本公司网站上公布的评级符号和定义。等级相同的信用评级可能不能完全反映风险程度上的所有细微差别,因为信用评级是信用风险的相对度量。

 

本公司不对以任何形式对其提供的任何信息的准确性、及时性或完整性做出任何明示或暗示的保证。在任何情况下,本公司、公司董事、股东、雇员、代表,均不对任何使用本公司发布的信息所造成的的损害、开支、费用或损失承担任何责任。

 

本公司有权依据任何被本公司视为充分的理由,随时采取任何评级行动,并有权自行决定。信用评级的发布和跟踪取决于是否有足够的信息。

 

本公司的信用评级可能获得酬金,通常来自发行人、承销商或债务人。公司的费用表信息可根据要求提供。

 

本公司保留其在公司网站、公司的社交媒体页面和授权第三方发布信用评级和报告的权利。未经本公司事先书面同意,不得以任何方式修改、复制、转载、传播或篡改任何本公司发布的任何内容。

 

本公司的信用评级和报告并非给处在使用此信用评级和报告可能构成违法的管辖区内的任何人传播或使用。如有疑问,请咨询相关的监管机构或专业顾问,以确保遵守适用的法律法规。

2018版权所有?鹏元资信评估(香港)有限公司。保留所有权利


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