Fitch might up Zhaojin Mining

Fitch Ratings said it placed Zhaojin Mining Industry Co. Ltd.'s long-term foreign currency issuer default rating and senior unsecured rating of BB on rating watch positive.

The agency said the rating watch positive reflects a review of Fitch's internal assessment of the creditworthiness of the Zhaoyuan municipality, which was prompted by a revision in the criteria that govern the ratings of international local and regional governments.

“The linkage between Zhaojin Group and the Zhaoyuan municipality remains unchanged,” the agency said in a news release.

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