S&P affirms WH Group

S&P said it affirmed the BBB long-term corporate credit rating on WH Group Ltd.

The outlook is stable.

The agency said it affirmed the rating because it expects WH Group to maintain its leading market position in pork products in China and the United States over the next 12-24 months.

“We also expect the company's debt leverage to remain low, given its good operating cash flow and disciplined capital investment, despite potential acquisition of small meat processors during the period,” S&P said in a news release.

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