Fitch assigns first-time rating to Wens Foodstuff

Fitch Ratings said it assigned a first time long-term foreign-currency issuer default and senior unsecured ratings of BBB+ to Wens Foodstuff Group Co. Ltd.

“Wens’ ratings reflect the company’s leading market position in the hog and broiler production markets in China, and diversification in protein types. The ratings are further supported by the company's strong financial profile, with relatively high margins and modest leverage,” said Fitch in a news release.

Wens is the largest hog producer in China.

The outlook is stable.

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