Fitch rates Dragon Steel A+(twn)

Fitch Ratings said it assigned a national long-term rating of A+(twn) to Dragon Steel Corp.

The outlook is stable.

The national rating is notched down once from the rating on 100% parent, China Steel Corp., in line with the agency's criteria.

Fitch said it assesses the linkages between Dragon Steel and China Steel as strong because Dragon Steel is a key steelmaking subsidiary that accounts for a substantial amount of the group's steelmaking capacity.

The stable outlook reflects an expectation that the linkages between China Steel and Dragon Steel will remain intact and China Steel will continue to support Dragon Steel in its operations, the agency said.

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