Fitch affirms West China Cement

Fitch Ratings said it affirmed West China Cement Ltd.'s long-term issuer default rating and senior unsecured rating at BB-.

The outlook is stable.

“The affirmation reflects WCC's stable business and financial profiles, which are underpinned by its strong position in the domestic market and reduced capex,” the agency said in a news release.

Fitch said the stable outlook reflects an expectation that the company’s leverage will remain low over 2018 to 2021 as it expects the cement market's fundamentals to remain solid.

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