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Prospect News home > News index > List of issuers C > Headlines for China National Bluestar (Group) Co., Ltd. > News item |
Fitch keeps Bluestar on review
Fitch Ratings said it maintained the Rating Watch Positive (RWP) on China National Bluestar (Group) Co, Ltd.'s long-term foreign-currency issuer default rating and senior unsecured rating of BBB+.
Bluestar's rating reflects very strong linkages with China National Chemical Corp. (ChemChina, BBB+/RWP), which owns 64% of Bluestar, in line with top-down approach in Fitch's Parent and Subsidiary Rating Linkage criteria.
The positive watch reflects the Feb. 3 announcement that ChemChina offered to buy Swiss seeds and agrochemical group Syngenta AG for $43 billion.
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