OREANDA-NEWS. Moody's Investors Service says that Shanghai Electric Group Company Limited's (SHE) 1H 2016 results were in line with Moody's expectations. Consequently, the company's A2 issuer rating and the negative outlook remains unchanged.

"SHE's ample order backlog, stable earnings and financial prudence continue to support the company's credit profile," says Jiming Zou, a Moody's Vice President and Senior Analyst.

SHE's revenue remained flat at RMB36.9 billion in 1H 2016 when compared with the level in 1H 2015.

Moody's points out that the company's diversified product portfolio is key to its stable business performance.