Chinese Conglomerate Huafa Faces Risk of Downgrade by Fitch
Zhuhai Huafa Group Co., one of China’s biggest local-government owned conglomerates, was placed on rating watch negative by Fitch Ratings over heightened refinancing risks, a step that signals increased possibility of a downgrade.
<p>Zhuhai Huafa Group Co., one of China’s biggest local-government owned conglomerates, was placed on rating watch negative by Fitch Ratings over heightened refinancing risks, a step that signals increased possibility of a downgrade.</p>