Fitch rates Shandong Guohui BBB+

Fitch Ratings said it assigned long-term foreign- and local-currency issuer default ratings of BBB+ to Shandong Guohui Investment Co., Ltd.

The outlook is stable.

Shandong Guohui is a wholly owned subsidiary of the State-Owned Assets Supervision and Administration Commission (Sasac) of Shandong province in eastern China, Fitch said.

The ratings reflect that Shandong Guohui is considered a wholly state-owned limited-liability company under Chinese company law, the agency said.

The provincial government closely oversees Shandong Guohui's financing and operational activities, Fitch said.

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