Standard & Poor's: Assigns a long-term issue rating of "A+" to Sinopec Group's proposed issuance of exchangeable Hong Kong dollar bonds.

On May 13, Standard & Poor's awarded China Petrochemical Corporation (referred to as "Sinopec Group") an "A+" long-term issue rating for the Hong Kong dollar-denominated convertible bonds with unconditional and irrevocable guarantees provided by the company. The bonds will be issued by the special purpose entity Deep Development 2025 Ltd. The bond rating is subject to review by Standard & Poor's of the final terms and conditions.