Hong Kong, February 21, 2014 -- Moody's Investors Service says that China Petroleum and Chemical Corporation's (Sinopec Corp, Aa3 stable) proposal to introduce third party capital investments in its oil product marketing segment is credit positive for it and its parent - China Petrochemical Corporation (Sinopec, Aa3 stable). The development supports the segment's future growth and alleviates the group's funding pressure. However, it will not have immediate rating impact on the two entities.
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