Fitch might cut Yunnan Provincial Energy

Fitch Ratings said it placed Yunnan Provincial Energy Investment Group Co., Ltd.'s long-term foreign-currency issuer default rating of BBB on rating watch negative following the publication of revised global master criteria for international local and regional governments.

Fitch also placed on rating watch negative the company’s senior unsecured rating and the ratings on the notes issued by its wholly owned subsidiaries that are either guaranteed by Yunnan Provincial Energy or have credit support from it via a keepwell deed and deed of equity interest purchase and investment undertaking.

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