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Fitch Revises CHINAHONGQIAO (01378.HK) Outlook to Positive; Affirms 'BB+' IDR
Recommend 8 Positive 12 Negative 5 |
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Fitch Ratings has revised the rating outlook on CHINAHONGQIAO (01378.HK) from Stable to Positive, and affirmed its Long-Term Foreign-Currency Issuer Default Rating and senior unsecured rating at 'BB+'. The outlook revision reflects CHINAHONGQIAO's improved debt structure, strong profitability, solid cash flow generation capability, and resilient industry fundamentals. Benefiting from a competitive cost structure, high self-sufficiency in raw materials, and sustained low leverage ratio, CHINAHONGQIAO's market position as one of the world's largest aluminum smelters continues to support its issuer rating. (su/a) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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