Moody's: No change for China Fishery

Moody's Investors Service said it sees no immediate impact on China Fishery Group Ltd.'s B1 corporate family and senior unsecured ratings stemming from its proposed secondary listing on Oslo Bors of Norway.

As the size of the offering and the intended use of the proceeds remain unclear, this event has no immediate impact on the rating, Moody's said.

However, positive rating momentum could arise if the company uses the new equity raised either to pay down a material portion of its debt or for new investments that would enhance its cash flow and business diversification, the agency said.

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