Fitch lifts Shenzhen International

Fitch Ratings said it upgraded the long-term issuer default rating on Shenzhen International Holdings Ltd. to BBB from BBB-.

The outlook is stable.

“The upgrade is a result of a one-notch uplift from SZIH's standalone credit profile of bbb-, reflecting moderate linkages between SZIH and its holding company, Shenzhen Investment Holdings Co., Ltd. (SIHC, A+/stable),” Fitch said in a news 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.