BVI Company Financial News » Credit ratings http://bvi-company-financials.bviincorporation.com BVI company financial snapshots, annual and interim financial results. Thu, 02 Feb 2012 09:36:16 +0000 http://wordpress.org/?v=2.8.2 en hourly 1 Chinese subsidiary of China Gengsheng Minerals, Inc. awarded with the highest Credit Rating and receives $2.9 M loan http://bvi-company-financials.bviincorporation.com/77/chinese-subsidiary-of-china-gengsheng-minerals-inc-awarded-with-the-highest-credit-rating-and-receives-29-m-loan/ http://bvi-company-financials.bviincorporation.com/77/chinese-subsidiary-of-china-gengsheng-minerals-inc-awarded-with-the-highest-credit-rating-and-receives-29-m-loan/#comments Fri, 16 Jan 2009 08:51:06 +0000 http://bvi-company-financials.bviincorporation.com/77/chinese-subsidiary-of-china-gengsheng-minerals-inc-awarded-with-the-highest-credit-rating-and-receives-29-m-loan/ China Gengsheng Minerals, Inc., a materials technology company working in China and making its business through the BVI-registered Gengsheng International Corporation and its wholly-owned Chinese subsidiaries, announced that one of them, Henan Gengsheng Refractories Co., Ltd., was granted the AAA credit rating by the Zhengzhou Enterprise Creditworthiness Evaluation Committee in Henan Province. The rating was approved by the Committee after reviews conducted by several municipal-level bureaus. So, the company is among the highest credit-rated enterprises in the region, where totally 16 received the AAA rating, 11 received AA, and 1 received A.

Chairman and CEO of the company, Mr. Shunqing Zhang, was granted the separate title of “Gongyi City’s Most Influential Person in the 30 Years of Opening & Reform” by the city of Gongyi in Henan Province, for stimulating the rapid growth of Gongyi’s economy and setting excellent examples of taking social responsibilities.

Also, on January 7 it was announced by China Gengsheng Minerals that its subsidiary Henan Gengsheng Refractories Co., Ltd. signed a $2.9 million short-term loan agreement with Zhengzhou City branch of the Industrial and Commercial Bank of China. This loan adds to $3.54 million contract with American distributor, signed by China Gengsheng Minerals last month.

]]> http://bvi-company-financials.bviincorporation.com/77/chinese-subsidiary-of-china-gengsheng-minerals-inc-awarded-with-the-highest-credit-rating-and-receives-29-m-loan/feed/ 0 BVI GAM GAMCO Equity Fund rated “AAA” by S&P http://bvi-company-financials.bviincorporation.com/19/bvi-gam-gamco-equity-fund-rated-%e2%80%9caaa%e2%80%9d-by-sp/ http://bvi-company-financials.bviincorporation.com/19/bvi-gam-gamco-equity-fund-rated-%e2%80%9caaa%e2%80%9d-by-sp/#comments Sat, 22 Dec 2007 20:13:44 +0000 admin http://bvi-company-financials.bviincorporation.com/19/bvi-gam-gamco-equity-fund-rated-%e2%80%9caaa%e2%80%9d-by-sp/ On December 19, GAMCO Investors Inc. announced that the BVI domiciled GAM GAMCO Equity Fund was awarded Standard & Poor’s AAA Rating for the 4th consecutive year.

Managed by value investor Mario Gabelli for more than 20 years, GAM GAMCO Equity Fund is 1 of 4 funds with S&P’s AAA rating in S&P’s US Mainstream Sector peer group. The British Virgin Islands domiciled Fund is an open-end investment company sub-advised by GAMCO Asset Management Inc. for Global Asset Management since 1987.

It shoulb be noted here that the S&P’s AAA rating is a widely acknowledged mark of excellence. To be awarded AAA, the fund must demonstrate the highest standards of quality in the sector that are based on its investment process and management’s consistency of performance.

Chairman of GAMCO Investors Mario Gabelli, said that the investment team is honored to get such a high rating.

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