Fitch revises Ganzhou view to negative

Fitch Ratings said it revised the outlook on Ganzhou Development Investment Holding Group Co., Ltd. (GDIH) to negative from stable and affirmed its long-term foreign- and local-currency issuer default ratings at BBB- as well as its BBB- senior unsecured rating.

“The negative outlook follows a revision of our internal assessment of the creditworthiness of GDIH's sponsor, the Ganzhou municipal government. Our assessment of linkages between the government-related entity (GRE) and the municipality remains unchanged,” Fitch said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.