Fitch affirms Anhui Transportation

Fitch Ratings said it affirmed Anhui Transportation Holding Group Co. Ltd.’s (ATHG) long-term foreign- and local-currency issuer default ratings at BBB+.

The outlook is stable. The rating watch positive, in place since Dec. 20 2017, has been resolved.

The ratings were affirmed following the application of Fitch's new Government-Related Entities Rating Criteria.

Fitch said Anhui Transportation’s are assessed under the GRE Rating Criteria, reflecting Anhui Province's ownership of the company, as well as the provincial government's direct control of and strong record of support for Anhui Transportation.

The agency also factored in the strategic importance of the company to Anhui Province.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.