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S&P applies BBB to WH Group
S&P said it assigned its BBB long-term corporate credit rating to WH Group Ltd.
The outlook is stable.
At the same time, the agency assigned its cnA long-term Greater China regional scale rating to the company.
"The rating on WH Group reflects our expectation that the company will maintain its market leadership in pork products in China and the U.S., good geographic diversity, and strong operating cash flow over the next 24 months," S&P analyst Sophie Lin said in a news release.
"The company's concentration in pork and pork products and exposure to volatile hog prices temper these strengths."
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