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Fitch turns Wisdom Education view to negative
Fitch Ratings said it revised Wisdom Education International Holdings Co. Ltd.'s outlook to negative from stable and affirmed its BB- issuer and senior unsecured ratings.
“The negative outlook reflects increasing regulatory risks for China's operators of schools that cover kindergarten to 12th grade (K-12) due to the strengthening of compulsory education regulations to prohibit related-party transactions and the control of K-9 schools via contractual agreements and M&A,” the agency said in a press release.
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