Hong Kong, July 26, 2016 -- Moody's Investors Service says that the Chinese government's (Aa3 negative) plan to expand strongly its railway network from 2016 to 2020 is credit positive for China Railway Construction Corp Ltd (CRCC) and supports its A3 issuer rating; the A3 rating on the senior guaranteed perpetual securities issued by CRCC Yupeng Limited and guaranteed by CRCC; and the A3 rating on the bond issued by CRCC Yuxiang Limited and guaranteed by CRCC.
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