Shenzhen International (00152): S&P Global raised the entity's credit rating from BBB to BBB+ and the outlook is “stable”

Zhitong Finance App News, Shenzhen International (00152) issued an announcement. The rating target involved in this rating increase is Shenzhen International Holdings Co., Ltd. On July 30, 2026, S&P Global upgraded the credit rating of international entities in Shenzhen from BBB to BBB+, and the outlook is “stable.”

This overseas rating increase is a comprehensive judgment made by S&P Global based on factors such as Shenzhen's international strategic position, asset layout, shareholder background, and core business advantages. As Shenzhen continues to promote the construction of an urban transportation and logistics system, the company continues to increase the investment layout of regional logistics networks. Its importance in Shenzhen's modern logistics system has increased significantly, and the possibility of receiving support from local governments has further increased. At the same time, the company continues to improve its high-standard logistics and warehousing asset layout. This year, it successfully completed and put into operation a core railway and sea intermodal transport project at the Pinghu Integrated Logistics Hub Center with a construction area of 850,000 square meters. Combined with existing high-quality storage resources, it currently holds about two-thirds of Shenzhen's high-standard logistics and warehousing assets, effectively helping the construction of logistics hubs in the Guangdong-Hong Kong-Macao Greater Bay Area. Furthermore, the core subsidiary Shenzhen Expressway Co., Ltd. dominates the regional toll road sector, with operating mileage accounting for about 90% of the Shenzhen toll road market. The locomotive highway renovation and expansion project will also further consolidate its leading edge in the industry. The subsidiary's steady operation and cash flow provide strong support for the company's overall development. These multiple core advantages together support Shenzhen International's current credit rating increase.