Fitch affirms GFH Financial

Fitch Ratings said it affirmed GFH Financial Group BSC's long- and short-term issuer default ratings at B.

The outlook is stable.

“GFH's issuer default ratings reflect the group's ongoing asset concentration in illiquid investments, including substantial exposure to development properties, the ultimate realisation value from which is subject to project completion risks,” the agency said in a news release.

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