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Fitch: China Fishery unchanged
Fitch Ratings said the investigation of China Fishery Group Ltd.'s (BB/stable) North Pacific operations by the Russian authorities will not have any immediate rating impact because the ratings have already factored in the regulatory risks China Fishery faces in the jurisdictions it operates.
According to Fitch, the company has said that its fish supply arrangements are in full compliance with all relevant Russian laws and regulations. The agency believes any changes to the operating environment of fishing Alaskan pollock in Russia are likely to be gradual rather than disruptive since the livelihood of Russian fishermen too would be affected.
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