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Prospect News home > News index > List of issuers D > Headlines for Dragon Steel Corp. > News item |
Fitch upgrades Dragon Steel
Fitch Ratings said it upgraded Dragon Steel Corp.'s national long-term rating and national senior unsecured rating to AA-(twn) from A+(twn).
The rating action follows the upgrade on parent China Steel Corp.'s national long-term rating to AA(twn) from AA-(twn) and Fitch's expectation that the linkages between CSC and DSC will remain intact. “DSC's national rating is one notch below the rating on CSC, in line with Fitch's parent and subsidiary linkage rating criteria,” the agency said in a press release.
The outlook on the national long-term rating is stable.
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