Fitch views Qingdao Conson negatively

Fitch Ratings said it revised the outlook on Qingdao Conson Development (Group) Co., Ltd. to negative from stable and affirmed its long-term foreign- and local-currency issuer default ratings at BBB+.

“The revision of the outlook follows a change in Fitch's internal assessment of the outlook of the sponsor, Qingdao municipality,” the agency said.

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