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Fitch withdraws ratings on Nanjing Jinsheng
Fitch Ratings said it placed Nanjing Jinsheng International Household Market Operating and Management Co., Ltd.'s B+ long-term foreign-currency issuer default rating and senior unsecured rating of B+ with a recovery rating of RR4 on Rating Watch negative.
The agency said it understands that the company is under financial pressure.
Fitch also said it withdrawn the ratings as Jinsheng has chosen to stop participating in the rating process.
The agency said it will no longer have sufficient information to maintain the ratings.
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