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Prospect News home > News index > List of issuers W > Headlines for Want Want China Holdings Ltd. > News item |
Fitch affirms, withdraws Want Want China
Fitch Ratings said it affirmed Want Want China Holdings Ltd.'s long-term foreign-currency issuer default rating and senior unsecured rating at A-.
The outlook is stable.
The agency withdrew the ratings on Want Want for commercial reasons.
“The ratings are supported by Want Want's leadership in select product categories and solid financial profile,” Fitch said in a news release.
“Over the longer term, Want Want's production concentration could be a weakness as growth in China's packaged-food market slows and competition increases.”
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