Huzhou Communications Investment Group was rated as a 3A-level enterprise by Dagong Global Credit Rating Group, an authoritative Chinese credit rating agency, on June 12, according to local media reports.

3A is the top sovereign credit rating given to enterprises by the agency.

Huzhou Communication Investment Group is the first company in Huzhou to achieve the top credit rating and the second among companies based in prefecture-level cities in the province. 

In 2019, the company's investment in transportation exceeded 10 billion yuan ($1.44 billion) for the first time. This figure is expected to reach 100 billion yuan during the 14th Five-year Plan (2021-25). 

The Group is also the main financing platform for major transportation projects in Huzhou. 

A spokesman for the company said that the company issued 2 billion yuan in private corporate bonds last year, and its interest rates were the lowest among similar bonds in China over the past three years. 

Transportation projects the group has been involved in include the Shangqiu-Hefei-Hangzhou High-speed Railway, the Shanghai-Suzhou-Huzhou High-speed Railway, and other public transportation facilities across Huzhou, such as bus stations and gas stations.