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S&P trims China Jinjiang Environment
S&P said it lowered the issuer rating on China Jinjiang Environment Holding Co. Ltd. (CJE) to BB- from BB and lowered the long-term issue rating on the company's senior unsecured notes to B+.
The outlook is negative.
“China Jinjiang Environment Holding Co. Ltd.'s (CJE) higher-than-expected capital expenditure and weakened cash generation ability has negatively affected its financial risk profile,” S&P said in a news release.
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