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Fitch affirms China Everbright
Fitch Ratings said it affirmed China Everbright Ltd.'s long-term issuer default rating at BBB and short-term issuer default rating at F2.
The outlook is stable.
The agency said the company’s long-term issuer default rating is driven by a belief that extraordinary support from China Everbright Group would be forthcoming in the event of stress, as Fitch considers China Everbright as a core subsidiary of the group.
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