Fitch rates WH Group BBB+

Fitch Ratings said it assigned a long-term foreign-currency issuer default rating of BBB+ to WH Group Ltd., along with a senior unsecured rating of BBB+.

The outlook is stable.

The ratings are supported by the company's leading market position in both China and the United States, stable and growing demand for pork and pork products, as well as the geographical diversification and synergies between the U.S. and China operations, Fitch said.

The ratings also are supported by its healthy financial profile as the company has reduced its leverage over the past two years, the agency said.

The ratings are constrained by the cyclicality and lower margins of the protein industry and the limited product diversification, Fitch added.

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