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<CN Home>Fitch Affirms CH OVS G OCEANS 'BBB' Long-Term Foreign-Currency Issuer Default Rating w/ Outlook Stable
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Rating agency Fitch has affirmed CH OVS G OCEANS (00081.HK)'s Long-Term Foreign-Currency Issuer Default Rating as "BBB", with a Stable Outlook. It also assigned CH OVS G OCEANS' proposed senior unsecured notes and dim sum bonds a "BBB" rating. According to Fitch, the rating of CH OVS G OCEANS is lower than the Standalone Credit Profile of CHINA OVERSEAS (00688.HK) at "BBB+" due to its limited scale and relatively low importance in achieving national housing construction goals. Accordingly, it is not expected that the credit support from the ultimate major shareholder, China State Construction, will extend to CH OVS G OCEANS. AAStocks Financial News |
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